IRS Requires Criminals To Report "All" Income...

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IRS Requires Criminals To Report "All" Income...

Post by hawkiye on Mon 12 Jan 2009, 9:23 pm

Apparently the IRS knows it strikes fear into the hearts of millions. So much so that they even require criminals to report their ill gotten gains as income.

I had to chuckle when I read the excerpts below from their own publication. Spoken as if they simply expected criminals to comply. Then it struck me, how many criminals actually comply because of the widespread fear of the IRS?

Is this the height of arrogance and power? Or just the mob bosses requiring even the lowest of criminals to give them their cut of the loot?


http://www.irs.gov/pub/irs-pdf/p525.pdf

Page 33:
"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-EZ (Form 1040) if from you self employement activity."

Page 34:
"Kickbacks. You must include kickbacks,side commissions, push money, or similar payments you recieve in your income..."

Page 35:
"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"
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hawkiye

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