|
| A caller to a local radio show emailed the host about this rule and I just checked it myself.
It seems if you stole anything in 2006 and have not returned the property to the owner by December 31st you must claim the fair market valve on your taxes as earned income. I can see it now criminals all over the country are busy trying to figure out the value of the cars and other property they stole so that the IRS wont go after them. Lance |
Follow-Up Postings:
|
| It's a variation on how they got Al Capone |
|
| I wonder how long the line of thieves waiting to become honest with their taxes might be? An office manager for the company my SIL owns embezzled something like $90,000+ a few years ago. The courts in her large city weren't overly aggressive in pursuing the theft case, but the IRS was definitely interested..... |
Please Note: Only registered members are able to post messages to this forum. If you are a member, please log in. If you aren't yet a member, join now!
Return to the Roses Forum
Information about Posting
- You must be logged in to post a message. Once you are logged in, a posting window will appear at the bottom of the messages. If you are not a member, please register for an account.
- Please review our Rules of Play before posting.
- Posting is a two-step process. Once you have composed your message, you will be taken to the preview page. You will then have a chance to review your post, make changes and upload photos.
- After posting your message, you may need to refresh the forum page in order to see it.
- Before posting copyrighted material, please read about Copyright and Fair Use.
- We have a strict no-advertising policy!
- If you would like to practice posting or uploading photos, please visit our Test forum.
- If you need assistance, please Contact Us and we will be happy to help.
Learn more about in-text links on this page here
