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| New IRS Rule: Theft Is Now Tax-Evasion, Unless You Declare It |
| 2007-01-07 |
| (note: link is to large pdf file) See Page 90 of publication 17. Under the heading of 'other income'. Under 'stolen property' it says: 'If you steal property, you must report its fair market value in your income in the year you steal it unless in that year you return it to its rightful owner!' |
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