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Yes, the tax reporting requirements are the same, regardless of the platform used to sell concert or event tickets. The IRS's rules apply to all sales, not just those made on online platforms like ...
The face value of Ticketmaster tickets is determined by the artist or client. [37] In addition to the face value price, venues and Ticketmaster add fees to pay for their services. [38] Typically, fees added to a ticket's face value have included: [39] [40] [41] Facility charge – Charge added by the venue.
A tax-free shopping retailer. Tax-free shopping (TFS) is the buying of goods in another country or state and obtaining a refund of the sales tax which has been collected by the retailer on those goods. [1] The sales tax may be variously described as a sales tax, goods and services tax (GST), value added tax (VAT), or consumption tax .
Ticket resale is common in both sporting and musical events . Ticket resale is a form of arbitrage that arises when the number demanded at the sale price exceeds the number supplied (that is, when event organizers charge less than the equilibrium prices for the tickets). During the 19th century, the term scalper was applied to railroad ticket ...
That stack includes not just Ticketmaster, which sells tickets to fans, but also other parts of the value chain, including the concert promoters who work with artists to put on shows and even many ...
Scammers also use social media platforms and online marketplaces like StubHub to list tickets that seem too good to be true (e.g. front row seats for a fraction of what they actually cost).
The Better Online Ticket Sales Act of 2016 ( Pub.L. 114-274, S.3183, commonly referred to as the BOTS Act) was signed into federal law by President Barack Obama on December 14, 2016. [ 1] This act was created to thwart attempts by individuals and organization to automate the process of purchasing tickets en masse using ticket bots.
Ticketmaster still has 170,000 Taylor Swift Eras Tour tickets after its canceled general sale for the tour. Here's how it plans to handle selling them. Ticketmaster still has 170,000 Taylor Swift ...