Ticketmaster Requests Taxpayer Info From Kansas City Chiefs Fans

The digital age offers us greater convenience but also more opportunities to get hosed suffer financial loses when "plugging into" a corporate system.  

Here's a note that's worrying season ticket holders and maybe an opportunity for clever scalpers . . .

The online ticketing giant sent him—and others—an email, stating in part: “Before we can pay you, we will need to collect your taxpayer information.”

It asked for the sellers name, address, phone number, and Taxpayer Identification Number (TIN).

In the email, Ticketmaster adds they're generally required to file a Form 1099-K report with the IRS if the gross amount of your sales on their marketplaces is $600 or more in a calendar year.

It asked for the sellers name, address, phone number, and Taxpayer Identification Number (TIN).

In the email, Ticketmaster adds they're generally required to file a Form 1099-K report with the IRS if the gross amount of your sales on their marketplaces is $600 or more in a calendar year.

Read more via www.TonysKansasCity.com link . . .

Chiefs season ticket holders may be taxed more to sell tickets

KANSAS CITY, Mo. - Chiefs season ticket holders are receiving an email from Ticketmaster asking for personal information and notifying them about new tax laws when they sell their tickets. Stephen Reyes has been a season ticket holder for four years. "It's been amazing," Reyes said. "We even upgraded our seats."