IRS is Hilarious! Make Sure You Declare This!

[Total Refected Power]

Illegal income. Illegal income, such as stolen or embezzled funds, must be included in your gross income on line 21 of Form 1040, or on Schedule C or Schedule C-EZ (Form 1040) if from your self-employment activity.

Good luck collecting!!!!!

Even Better!!!

Kickbacks. You must include kickbacks, side commissions, push money, or similar payments you receive in your income on line 21 of Form 1040, or on Schedule C or Schedule C-EZ (Form 1040) if from your self-employment activity.

I R S

 

[rahvin]

How do you think they convict organized crime members? They don't do it on the crime, they do it on tax evasion.

 

[Total Refected Power]

What was funny to me is that it is in the "Miscellaneous Income" section next to alimony payments, lottery winnings and Nobel prize money.

 

[Ranger X]

That defeats the purpose of getting kickbacks and all those other illegal income.

LOL, they crack me up.

 

[konichiwa]

That's how they got Al Capone.

 

[dethman]

thats actually pretty funny.