Reply #5: Criminals: Do tell IRS your income

[UpInArms]

http://www.indystar.com/articles/1/235674-3881-047.html

excerpt:

This year he has thoughtfully directed me to the section of the instruction booklet titled "Other Income." In the middle column of page 27, you will find, in bold print, BRIBES. "If you receive a bribe, include it in your income."

There's more. In addition to bribes, the IRS would also like you to report kickbacks. "You must include kickbacks, side commissions, push money or similar payments you receive in your income. . . ." So I guess you go to H&R Block, hand over the W-2s and say, "Oh, by the way, add in 15 grand under other income for a construction contract I threw to my brother-in-law."

Maybe if you pay your 23 percent in taxes, nobody bats an eye or asks for an explanation.

The IRS also would like you to report (are you ready?) -- illegal income. "Illegal income, such as money from dealing illegal drugs, must be included in your income on Form 1040, line 21, or on Schedule C or Schedule C-EZ (Form 1040)."

My question is this: Do you just write the amount of income from illegal drugs on line 21, or do you also draw an arrow into the margin and scribble, "Meth lab good this yr., pls don't tell Momma, her heart ain't that strong."

...more amusement at link...