What to do if you have "earned" income from:
Bribes p. 28
Illegal Activities p. 31
Kickbacks p. 32
Stolen Property p. 33
I wonder if these "laws" also have the $600 limit, under which there are no taxes due!
At least I'm not involved in any of these activities!
Ain't America Great? The IRS provides for illegalities right in our tax code! Uncle Sam has to get his fair share!
Finally, what does one write on Line 21 of one's 1040 Form or on one's "Self-Employment Activity" Schedule C or C-EZ as the source of this income?
"Bribes!"
"Illegal Activities!"
"Kickbacks!"
"Stolen Property!" (not returned in the same year you stole it to its original owner(s), of course!)
I showed this to chief financial officers in my community in 2007 when I first learned of these provisions, relatively unsuspectingly, and even they were stunned! Who would believe me sight unseen?! I could barely believe it myself!
God bless America, and especially, the IRS!
Some other juicy little tidbits about the way America has treated and still does treat its women and girls:
Ignore these at your peril!