ELI5: Why does the IRS want your illegal income declared on tax returns? Submitted by xCreamPye69 t3_10ontj7 on January 30, 2023 at 12:39 AM in explainlikeimfive 53 comments 26
NotAnotherEmpire t1_j6gl14n wrote on January 30, 2023 at 4:09 AM The first page of the tax code says that all income is taxable. The rest of the tax code is explaining what is not. There is no exemption for illegal business, or illegal business practices. So you owe tax. Permalink 2
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