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illegal activity

Fix the Tax Code Friday: Illegal Activity & the IRS

23 January 2009

It’s Fix the Tax Code Friday! One of the “ask the taxgirl” posts this week focused on the question of illegally gained income. According to the Tax Code, all income, regardless of the source, must be reported on your tax return. This includes drug sales, illegal betting operations, prostitution, bribes, the whole bit. Clearly, including [...]

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