Current Events > The IRS is reminding you to report your income from illegal activities

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ShineboxPhil
02/20/24 5:57:51 PM
#1:


https://gamefaqs.gamespot.com/a/forum/4/4882b9ec.jpg

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MarcoRubio
02/20/24 5:58:33 PM
#2:


Don't worry I will. Always do.

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Cheater87
02/20/24 5:59:36 PM
#3:


I don't think drug deals and stolen property comes with a receipt telling how much it was.

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cjsdowg
02/20/24 6:00:27 PM
#4:


I am rich, so when I steal from people it is just a tax write off Ha Ha Ha. (not this is clearly a joke not me saying I steal stuff)

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Dakimakura
02/20/24 6:01:00 PM
#5:


I have never done anything illegal ever

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aarrgus
02/20/24 6:01:10 PM
#6:


Cheater87 posted...
I don't think drug deals and stolen property comes with a receipt telling how much it was.

And that's how the IRS will getcha... that poor record keeping....

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Thermador446
02/20/24 6:01:33 PM
#7:


So I don't have to file my income from prostitution?

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Homeless_Waifu
02/20/24 6:01:44 PM
#8:


Pablo Escobar: YES

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GuerrillaSoldier
02/20/24 6:02:09 PM
#9:


uh, duh. pretty sure all the intro 101 classes at crime university talk about al capone constantly.


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emblem-man
02/20/24 6:03:16 PM
#10:


https://twitter.com/fawfulfan/status/1759925146280673735?t=7KfsT5R8DC7vLJZ7undH5Q&s=19

Apparently there's a reason for it

the IRS doesn't expect criminals to follow it. The idea is that when they DON'T follow it, they can then get charged with tax evasion on top of their other crimes.
Organized crime bosses are hard to prosecute because they can kill, threaten, or intimidate any witnesses to their crimes.

But it's MUCH harder for them to beat tax evasion. Because they clearly have the money, and clearly didn't file a tax return and declare how they earned it.
That is why this provision exists. So that in the event that a mobster silences anyone who could prove their murder, racketeering, etc, the IRS can still nail them for not reporting how they got their ill-gotten gains.

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LeoRavus
02/20/24 6:04:36 PM
#11:


Wait this is real?

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Ultima_Fury
02/20/24 6:05:20 PM
#12:


https://youtu.be/G56VgsLfKY4
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Spurner
02/20/24 6:05:48 PM
#13:


Im not falling for that again.
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realnifty1
02/20/24 6:08:42 PM
#14:


LeoRavus posted...
Wait this is real?

Real in that it is part of the tax code for the above mentioned reasons.

Not real in that the IRS isn't reminding anyone, some rando just went and looked it up and posted it.
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Dark_Arbron
02/20/24 6:09:35 PM
#15:


Look at the top right corner of the image.

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Sufferedphoenix
02/20/24 6:16:51 PM
#16:


I'd like to know if anyone has e er done this.

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emblem-man
02/20/24 6:19:08 PM
#17:


Sufferedphoenix posted...
I'd like to know if anyone has e er done this.
I think people in the weed business have to since it's federally illegal

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SauI_Goodman
02/20/24 6:20:20 PM
#18:


Thermador446 posted...
So I don't have to file my income from prostitution?
Only if you live in Pahrump or Mound House nevada.

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Sufferedphoenix
02/20/24 6:22:22 PM
#19:


emblem-man posted...
I think people in the weed business have to since it's federally illegal

No I meant I wonder if anyone has done this. As in claim it on taxes. Like oh yeah I got this 200 dollar TV I stole.

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Unsuprised_Pika
02/20/24 6:22:25 PM
#20:


LeoRavus posted...
Wait this is real?

This is literally how Al Capone got put in prison.

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Sufferedphoenix
02/20/24 6:23:14 PM
#21:


Unsuprised_Pika posted...
This is literally how Al Capone got put in prison.

Teflon Don too if I recall or was it rackettering

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Doe
02/20/24 6:23:22 PM
#22:


But if I DO report income from illegal activity, can that be used in court against me as proof of those crimes?

How does this logic

emblem-man posted...
https://twitter.com/fawfulfan/status/1759925146280673735?t=7KfsT5R8DC7vLJZ7undH5Q&s=19

Apparently there's a reason for it
get past the 5th amendment?

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SauI_Goodman
02/20/24 6:24:17 PM
#23:


Unsuprised_Pika posted...
This is literally how Al Capone got put in prison.
Of all the things he did, this was the only thing they could get him on. And then he died from syphilis of all things.

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emblem-man
02/20/24 6:30:24 PM
#24:


Doe posted...
But if I DO report income from illegal activity, can that be used in court against me as proof of those crimes?

How does this logic

get past the 5th amendment?
Lol, no idea

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Dark_Arbron
02/20/24 6:41:24 PM
#25:


Again, while I could be wrong, I have difficulty believing this to be real given it has a MEME watermark in the top right hand corner.

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Sufferedphoenix
02/20/24 6:55:35 PM
#26:


Dark_Arbron posted...
Again, while I could be wrong, I have difficulty believing this to be real given it has a MEME watermark in the top right hand corner.

I heard about it ages ago. Belive my mom told me. Or someone older in my family

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ShineboxPhil
02/20/24 10:59:38 PM
#27:


Dark_Arbron posted...
Again, while I could be wrong, I have difficulty believing this to be real given it has a MEME watermark in the top right hand corner.

https://www.irs.gov/publications/p525#en_US_2023_publink1000229557

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WingsOfGood
02/20/24 11:01:30 PM
#28:


Elon MAD
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Dark_Arbron
02/20/24 11:04:45 PM
#29:


ShineboxPhil posted...
https://www.irs.gov/publications/p525#en_US_2023_publink1000229557

Damn. It seemed so much like a meme.

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ModernPost
02/20/24 11:09:59 PM
#30:


I always report all of my income from illegal activities like a good American citizen.

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LeoRavus
02/20/24 11:11:27 PM
#31:


Does the IRS seriously want/collect drug money or is this a setup?

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sfcalimari
02/20/24 11:12:29 PM
#32:


https://www.youtube.com/watch?v=GhelnMkzyF0

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kingdrake2
02/20/24 11:15:07 PM
#33:


LeoRavus posted...
is this a setup


we've already answered our own question.

it's a setup.

we're doomed.

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Ultima_Fury
02/20/24 11:17:08 PM
#34:


https://gamefaqs.gamespot.com/a/forum/4/472944fe.jpg
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_____Cait
02/20/24 11:27:12 PM
#35:


Yeah, the only way they often ever catch big time criminals is through tax evasion. You might not be able to prove a rape or murder, but you can catch them on tax evasion and roll it from there.

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Homeless_Waifu
02/21/24 12:02:12 PM
#36:


So when you hear on the news that someone got busted for tax evasion, it's likely because those people didn't put down their income from illegitimate businesses?

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