We’ve reported before on how technology oftentimes outpaces the law. But for the millions of people currently playing Diablo III™, Activision’s and Blizzard’s newest release, the opposite has occurred. Here we have older income tax laws catching up to technology in new, unexpected ways. In short, there is a serious likelihood that millions of online gamers are about to incur some federal income tax liability, and the vast majority of them seem not to know it yet. Whether you are a gamer yourself or whether you think gamers need a dose of reality, this post has something for you.
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The intersection of the Internet and business.
The importance of understanding, or at the very least, being aware of the ramifications of the Internet in your business can not be overstated. Like moths to a flame, everyone in the world utilizes the Internet to find out about you and your company. It is not only important that you have a solid understanding about how to market your business online, but it is even more important that you do not let competitors or others negatively define your business on the Internet.
In the coming days, months, and years we will post about the latest developments in Internet law and how it affects businesses from intellectual property (trademarks, copyrights, etc.) to defamation. We will also provide practical information for business owners about utilizing the Internet and what to do when an Internet maelstrom hits your business. It is important to note that none of this is attorney advice or advice that is necessarily applicable to your company or situation. If you have specific questions, I encourage you to contact me directly.