Submitted by xCreamPye69 t3_10ontj7 in explainlikeimfive
tomalator t1_j6gilol wrote
Because if they can't bust you on the illegal activity, they can bust you for tax evasion they can prove are getting income you aren't declaring. That's how they got Al Copone, and it was only after that that money laundering became illegal to close another loop hole he was exploiting.
If you do declare the illegal income on your taxes, it can be used as evidence against you to get you on thr actual illegal activity you're doing.
Viewing a single comment thread. View all comments