Don't Forget to Declare Income From Stolen Goods and Illegal Activities, IRS Says

As you wind down the year, cleaning out drawers and emptying wallets of receipts, don’t forget to report to the IRS any income you brought in from drug deals, bribes, stolen goods, prostitution or other illegal activity.

, the Internal Revenue Service wants taxpayers to include on their forms “income from illegal activities, such as money from dealing illegal drugs.” Make sure you put that on “Schedule 1 , line 8z, or on Schedule C if from your self-employment activity,” the IRS wrote.

This is a joke, right

What the? 🙄🙄

Please report on puppies next time!

Nothing new here just a reminder remember that’s how they took down al capon and many others. Law enforcement could not get the for their illegal deeds do they got them for tax evasion

Democrats are screwed!

Are looters exempt from IRS new policy ?

Ok, I will!! 🤦‍♂️🤦‍♂️🤦‍♂️

This is your Country Run by Democrats

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Don't Forget to Declare Income From Stolen Goods and Illegal Activities, IRS SaysIn practice, it’s rare for those who break the law to then turn around and dutifully log their ill-gotten gains for the government to review. But there are exceptions.
Source: nbcchicago - 🏆 545. / 51 Read more »