TAX collectors have their eyes set on those who make a profit off of online ticket resales. A new law means that this tax season there will be increased Internal Revenue Service scrutiny for those selling on websites like TicketMaster and StubHub. GettyThose who resell tickets on platforms like Ticketmaster will be expected to pay taxes on the income if they make a profit of more than $600[/caption] GettyPreviously, these websites only had to report sellers to the IRS if they made more than $20,000 in revenue on at least 200 transactions[/caption] Now, those platforms will have to notify the IRS about anyone who makes more than $600 in revenue reselling tickets, Fox Business rep
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