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SmartFinds is a web-marketing agency with over 20+ years experience in the Internet industry. As a full service, broad competency and experience agency we are able to become our client’s strategic partner managing all aspects of the digital presence, technologies and vendors.

The IRS Taxes All Income, Legal or Not

//The IRS Taxes All Income, Legal or Not

The IRS Taxes All Income, Legal or Not

Is there a difference between trading tickets with a friend for a stay at their vacation home and scalping tickets for a big game? One you might see as a legal trade and the other as obviously illegal. To the IRS there is no difference, all are taxable. If you are casually swapping tickets you might not even think of taxes in such a small, one off trade. But scalping tickets for a huge profit, clearly the IRS is going to want its cut.

By | 2017-01-01T11:27:17+00:00 September 1st, 2014|Freeman Tax Law|Comments Off on The IRS Taxes All Income, Legal or Not