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Taxes and internet business: Are payments legal in the US?

 

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Subject Author Date
Taxes and internet business: Are payments legal in the US? bill.valores 05-27-2008
Posted by dpb on May 27, 2008, 11:05 pm
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bill.valores@gmail.com wrote:
...
> ... This is not gambling, but rather users competing
> against each other.
...

My understanding is each state has its own rules about what constitutes
legality in schemes such as this and depending on the rules of the
"competition" might (or might not) rule against it. In the particular
state in which I reside, there have been any number of similar-sounding
ideas floated as money-raisers, etc., that mostly have failed the test
for lotteries, etc., ... That doesn't say yours would; insufficient
information. But I'd not feel terribly confident you won't have
"issues" in various locales.

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