COMEDY! . . . . and the I.R.S.?!?
Really? . . . it says that . . . .
While researching a question on the I.R.S. website recently, I had to stop dead in my tracks and laugh right out loud! Now, I know over the 20th century, some of the biggest ‘mobsters’ that law enforcement couldn’t put behind bars, eventually ended up there for “tax evasion”, but I surely didn’t know . . . . the following instructions appear on the I.R.S. website: Stolen property: If you steal property, you must report its fair market value in your income in the year you steal it unless in the same year, you return it to its rightful owner. Illegal activities: Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on Form 1040, line 21, or on Schedule C or Schedule C-EZ (Form 1040) if from your self-employment activity. Usually, we tell you to give us a call if you have any questions about this process . . . but in this case . . . please don't! 