Submitted by xCreamPye69 t3_10ontj7 in explainlikeimfive
mothman83 t1_j6g7ywm wrote
Reply to comment by xCreamPye69 in ELI5: Why does the IRS want your illegal income declared on tax returns? by xCreamPye69
have you ever seen a tax form? you dont have to LIST precisely what the source of each dollar is. you can just write consulting and there you go...
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... however if you get AUDITED ...... then you often DO have to declare the sources ....
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