Mike Posted January 30, 2007 Report Posted January 30, 2007 Not sure if any of you are aware of this, but on page 88 in the 2006 Tax return manual for individuals... Just read below. Now does this make sense to anyone? Here is the link to the IRS website which has the manual for download in PDF form to see for your self. http://www.irs.gov/pub/irs-pdf/p17.pdf Seriously, do they proof read these? So what do you learn from this? Its ok to steal as long as you file it on your income taxes OR return it before December 31!
Guest Smues Posted January 30, 2007 Report Posted January 30, 2007 It's been like that for a long time. They aren't saying it's ok to steal, it's just another punishment for stealing. They don't really expect that you would report stolen property on your income statement, but after you're arrested for it an IRS agent is going to pay you a visit and make you pay the taxes and possibly penalties. I believe the same goes for illegal gains like drug revenues. Crime doesn't pay, except the IRS!
snuffbox Posted January 30, 2007 Report Posted January 30, 2007 I'm going to have Spicy McHaggis do my taxes this year.
Red Baron Posted January 31, 2007 Report Posted January 31, 2007 Funny Tax Skit canadians will understand this.
Guest vanillagirl85 Posted February 2, 2007 Report Posted February 2, 2007 It's been like that for a long time. They aren't saying it's ok to steal, it's just another punishment for stealing. They don't really expect that you would report stolen property on your income statement, but after you're arrested for it an IRS agent is going to pay you a visit and make you pay the taxes and possibly penalties. I believe the same goes for illegal gains like drug revenues. Crime doesn't pay, except the IRS! so the us government DOES benefit from illegal drugs. now i know what i'm doing
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