Submitted by xCreamPye69 t3_10ontj7 in explainlikeimfive
pdpi t1_j6gkjb7 wrote
Reply to comment by xCreamPye69 in ELI5: Why does the IRS want your illegal income declared on tax returns? by xCreamPye69
You have to report your income, that’s the law. You obviously don’t want to report the profits you made from your criminal acts, but it would be extremely weird if the law carved out an exception for ill-gotten gains.
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