Posted on 12/31/2021 4:29:10 PM PST by Mr. Mojo
The IRS doesn’t want you to forget to include income from dealing illegal drugs or stolen property on your tax forms this year.
“Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on Schedule 1 (Form 1040), line 8z, or on Schedule C (Form 1040) if from your self-employment activity,” the IRS’ website states.
The list was created to help those preparing their 2021 tax returns.
It also mentions stolen property — unless it’s returned to the owner.
“If you steal property, you must report its fair market value in your income in the year you steal it unless you return it to its rightful owner in the same year,” the website states.
Other income includes bribes.
“If you receive a bribe, include it in your income,” it read.
The list also includes a number of other items, including gambling winnings, sale of home and more.
Tax Day for the majority of the country is April 18, 2022.
I guess....this isn’t........a joke?
I think they’re referring mainly to the Smash and Grab income.
Is any criminal dumb enough to fall for it?
Cuz it takes a s-load of money to pay for insanity.
It is so the feds can nail you on tax evasion if you are so good that they can’t pin any other crime on you. The same is true for RICO laws.
I’m sure pelosi, biden and hunter are right on it. /s
“I guess....this isn’t........a joke?”
Not news, either.
I say Huh?
“Is any criminal dumb enough to fall for it?”
No, but many have been sent to jail for not falling for it over the last six decades.
The Babylon Bee needs to officially close up shop.
They simply cannot compete with the US government any more.
1) That’s racisssss.
2) There was a college student who had his apartment broken into and robbed. He turned in the dollar value of his marijuana on the list for claims of losses to the insurance company. They said “no.”
3) On Sanford and Son when color TVs were becoming popular, Fred nagged his son “Why do I have to watch a black and white set. Lots of people have color tvs now. I want a color tv. Jasper’s son got him a color tv.”
Lamont: “Aw, pop. You know he picked that up during the riots.”
Cue the Jennifer Lawrence gif…
How about Nancy and her insider trading
Should FDA, CDC, NIH, Surgeon General and all the drug advisory committee members declare the bribes, grants, scholarships for their children, etc.
And the first copy of the memo went to Hunter Biden...
Bill and Hillary: “All that counts as income? Now they tell us.”
Hunter: “Dad, what in the hell is this? I’m gonna be broke on the tax burden. And so are you.”
Let’s see BiXiden’s and Hunter’s tax returns....
And those of H->! .
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.