Did you steal a car in 2021? How about taking a bribe? If you did, the IRS says to make sure you report it on your taxes.
Those provisions went viral Monday following a tweet alerting taxpayers to those somewhat surprising requirements to note the value of your ill-gotten gains.
Tax szn is around the corner. Remember to report your income from illegal activities and stolen property to the IRS pic.twitter.com/c4S1yMZJLz
— litquidity (@litcapital) December 27, 2021
Tax szn is around the corner. Remember to report your income from illegal activities and stolen property to the IRS pic.twitter.com/c4S1yMZJLz
— litquidity (@litcapital) December 27, 2021
The IRS wants you to report your stolen property on your tax return, unless you give it back 🤦♂️
Link, if anyone questions it:https://t.co/PBUfVne70X
Maybe some really dumb criminals report their stolen goods 🤷♂️ pic.twitter.com/UeqwG3ljVb
— Chris Perruna (@cperruna) December 27, 2021
Hey, you might be a thief but you’re no tax cheat!