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on 5.12
by seele





on The Secrets of the Powernap
by seepinglight





Death and Taxes
Submitted by Larry on Thu December 14th, 2006 at 06:24:31 PM EST
As long as you pay your taxes, everything's okay, even stuff you normally wouldn't brag about:
Bribes. If you receive a bribe, include it in your income.

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) if from your self-employment activity.

Kickbacks. You must include kickbacks, side commissions, push money, or similar payments you receive in your income on Form 1040, line 21, or on Schedule C or Schedule C-EZ (Form 1040), if from your self-employment activity.

Stolen property. If you steal property, you must report its fair market value in your income in the year you steal it unless in the same year, you return it to its rightful owner.
So remember to check those tax forms!

Via All Financial Matters
1921 Full Story (Permalink) Comments: 0

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