New Law Will See IRS Tax Concert Tickets Resellers

Amidst news of exorbitant ticket prices both on the retail and secondary markets, the Internal Revenue Service is now set to tax concert ticket resellers. According to a report, the IRS is now looking to crack down on those flipping tickets with a new law.The new law targets those who make more than $600 USD from reselling tickets starting this year. The updated law, a part of the American Rescue Plan Act, will see companies like Ticketmaster now need to report if customers generated more than $...