XXX Revenue Reporting?

Provides analysis of a new tax statute that will require online businesses to report all earned revenue on form 1099-K beginning in 2011. Previously, the federal government has not been able to effectively tax online commerce, and according to Randazza and RLG attorney Jonathane Ricci, reporting requirements were lax. This new requirement bears significant implications for online businesses in the adult entertainment field, which heavily use affiliate programs and payment processors, which now have new obligations to address – even if based outside the United States.
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