Stolen property: If you steal property you must report it's fair market value in your income in the year you steal it unless in the same year, you return it to it's rightful owner.
Friday 16 May 2008
IRS Want A Cut Of Anything You Steal
The IRS are known for being greedy, Money grabbing sons of bitches. But in this IRS Handbook they outline what you should and should not pay tax on and declare. Did you know you are supposed to pay tax on anything you steal?
Stolen property: If you steal property you must report it's fair market value in your income in the year you steal it unless in the same year, you return it to it's rightful owner.
Stolen property: If you steal property you must report it's fair market value in your income in the year you steal it unless in the same year, you return it to it's rightful owner.
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