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2023-03-11 -Lurid Crime Tales-

UnF---ing Believable: IRS Pub 525-‘Income from illegal activities, such a money from dealing illegal drugs, must be included in your income on Schedule 1 (Form 1040), line 8z, or on Schedule C (Form 1040) if from your self-employment activity’

[Townhall] *shrug* It’s traditional for Big Kahuna gangsters to finally get their comeuppance on tax evasion, not the actual crimes they’re also guilty of.

Posted by NoMoreBS 2023-03-11 00:00|| E-Mail|| Front Page|| [11144 views ] Top
File under: Narcos

#1 Settle down - that clause has been in the IRC since before I started doing tax returns.

Posted by Raj 2023-03-11 00:55|| 2023-03-11 00:55|| Front Page Top

#2 The Law, in its majesty, brooks
No exceptions, requiring that crooks,
Like us shnooks whom they bleed --
Via congress, indeed! --
All keep timely and accurate books.

Posted by Tarzan Snaigum6947 2023-03-11 01:27|| 2023-03-11 01:27|| Front Page Top

#3 The stupid, it hurts.

Failure to report income from crime was how they got Al Capone. Didn't anyone watch "The Untouchables"?

Posted by Hupung Untervehr9838 2023-03-11 04:41|| 2023-03-11 04:41|| Front Page Top

#4 /\ It was a social disease that finally got Capone. Perhaps Hunter will experience something similar.

Posted by Besoeker 2023-03-11 06:10|| 2023-03-11 06:10|| Front Page Top

#5 In related news, the ATF is offering a pistol brace "Oh please, Daddy, may I keep my property" form submittal.

Posted by Mercutio 2023-03-11 08:37|| 2023-03-11 08:37|| Front Page Top

#6 Do these rules apply to Congress?

Posted by Super Hose 2023-03-11 11:37|| 2023-03-11 11:37|| Front Page Top

#7 To me this explains the hiring of the 87,000 agents.

The inner bowels of Chicago, LA, Miami, New York and, of course, DC itself will be chockablock with new Feebs.

Riiiiiigh.......

Posted by Anomalous Sources 2023-03-11 21:43|| 2023-03-11 21:43|| Front Page Top

#8 @#1 - Exactly, Raj.

Posted by DooDahMan 2023-03-11 21:48|| 2023-03-11 21:48|| Front Page Top

#9 When pigs fly.

Posted by JohnQC 2023-03-11 23:23|| 2023-03-11 23:23|| Front Page Top

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