The Internal Revenue Service isn't all about taking your money. It's also about saving you money by foregoing NASCAR sponsorships in favor of a virtual presence in Second Life.
The IRS' taxpayer advocate has suggested the agency take a proactive posture toward real money transactions (RMT) in virtual worlds. "Proactive posture," in IRS speak, means "tax it."
The Entertainment Software Association paid more than $5 million last year to stop hosting their annual trade show in Los Angeles, only to bring their new, downsized show back to the city a year later, according to IRS documents obtained by Kotaku.