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New IRS rule in 2022 is that income from illegal activities (e.g. drug sales, etc.) or stolen property (unless returned to owner) must be reported...
While laughable, most criminals will obviously not report it. If not reported, IRS now has an additional way to add tax evasion charges (i.e. Al Capone, etc.)
While laughable, most criminals will obviously not report it. If not reported, IRS now has an additional way to add tax evasion charges (i.e. Al Capone, etc.)
IRS
Crime
Taxes
Law
Edited >1 y ago
Posted >1 y ago
Responses: 5
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LTC Eugene Chu Anyone who steals can't be very smart... but to list it on a Federal Tax Form takes it to a new level unexplainable!
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