Originally posted by: FoBoT
you have to report all income regardless of how they pay you
if they drop off a crate of chickens once a month to pay you, that is income and you have to report it to the IRS or you go to FPMITAP
and it doesn't matter if the employer doesn't follow the rules and never sends you a W-2 or 1099 , you have to report any income regardless
that is how they got the mob guys, for tax violations, you have to report income from illegal sources too. you even have to report bribes you take as income, i have posted this here before
you guys amaze me sometimes, here check this out, here are some fun facts
Bribes. If you receive a bribe, include it in your income.
Found property. If you find and keep property that does not belong to you that has been lost or abandoned (treasure-trove), it is taxable to you at its fair market value in the first year it is your undisputed possession.
Free tour. If you received a free tour from a travel agency for organizing a group of tourists, you must include its value in your income. Report the fair market value of the tour on Form 1040, line 21, if you are not in the trade or business of organizing tours. You cannot deduct your expenses in serving as the voluntary leader of the group at the group's request. If you organize tours as a trade or business, report the tour's value on Schedule C or Schedule C-EZ (Form 1040).
Illegal income. Illegal income, 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.
Kickbacks. You must include kickbacks, side commissions, push money, or similar payments you receive in your income on Form 1040, line 21, or on Schedule C or Schedule C-EZ (Form 1040) if from your self-employment activity.
Sale of personal items. If you sold an item you owned for personal use, such as a car, refrigerator, furniture, stereo, jewelry, or silverware, your gain is taxable as a capital gain. Report it on Schedule D (Form 1040). You cannot deduct a loss.
i really like this one, next to reporting your bribes, this is my favoriate
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.
so all you drug dealers and burglars and thieves , be sure to report your income or the IRS will find you
http://www.irs.gov/publications/p525/ar02.html#d0e7770
http://www.irs.gov/publications/p525/index.html