You still have time to claim this income on your taxes......

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QUOTE:
"Illegal income. Illegal income, such as money from dealing illegal drugs,
must be included in your income on Form 1040, line 21, or on Schedule C
or Schedule C-EZ (Form 1040) if from your self-employment activity."

The IRS is serious. It is in Publication 525 which can be found on their website.

I find it humorous. Laughing

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Re: You still have time to claim this income on your taxes..

TTH wrote:

QUOTE:
"Illegal income. Illegal income, such as money from dealing illegal drugs,
must be included in your income on Form 1040, line 21, or on Schedule C
or Schedule C-EZ (Form 1040) if from your self-employment activity."

The IRS is serious. It is in Publication 525 which can be found on their website.

I find it humorous.

Kind of hard to avoid infringing on ones right to not self-incriminate on that eh?

For illegal bookmakers the form to pay the tax protects you from being criminally prosecuted.

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I reported a loss on my drug deals from last year.

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You still have time to claim this income on your taxes......

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