Reporting stolen items to the IRS

[RutnBuk]

Dont forget to report everything you've stole this year. Also be sure to let them know how much you made on your drug deals. This is real folks.

https://www.kxan.com/news/national-news/irs-report-stolen-property-as-income-unless-you-return-it-the-same-year/

[HogHunter34]

Do we base it on original market value or the street market value?

[Bassdeer]

Dont forget to report everything you've stole this year. Also be sure to let them know how much you made on your drug deals. This is real folks.

https://www.kxan.com/news/national-n...the-same-year/

I saw this on Fox today, Who are these people and does anybody in the room when they are talking about this just bust out in laughter and say What The F**K is wrong with you?

[RutnBuk]

I saw this on Fox today, Who are these people and does anybody in the room when they are talking about this just bust out in laughter and say What The F**K is wrong with you?

Lol. I thought it was a joke at first. We really have some stupid *** people in this country.

[rolylane6]

Maybe that's the deal they made when they decided to quit arresting people for theft. They simply said, "but you must report and pay your taxes on it." I mean at this point I wouldn't put anything past them.

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[Louis]

You can't fix stupid but you can laugh at it

[Drycreek3189]

It’s now official, we have went to hell in a hand basket ! Where’s my “I did that” sticker ?

[Pistol]

Actually, I don't think the concept is new. It's how they were able to put Al Capone in jail. They couldn't catch him for bootlegging.

[brokeno]

Wonder how Hunter's going to report all his deals.

[canny]

[emoji2359]


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[SabineHunter]

Actually, I don't think the concept is new. It's how they were able to put Al Capone in jail. They couldn't catch him for bootlegging.

Exactly right. The murdering, theiving bastage went to prison for tax evasions and these guys think it is a joke.

[Pistol]

Wonder how Hunter's going to report all his deals.

Hahahaha YES! Great question!

[Phillip Fields]

Actually, I don't think the concept is new. It's how they were able to put Al Capone in jail. They couldn't catch him for bootlegging.

The concept has been around since the Supreme court decided U.S. vs Sullivan in 1927. Many criminasl have been taken down by this including Al Capone and Soviet Spy Aldrich Ames.

[RutnBuk]

Exactly right. The murdering, theiving bastage went to prison for tax evasions and these guys think it is a joke.

Not sure anybody thinks it’s a joke. But who the hell would be stupid enough to report it?

[Gumbo Man]

It took 44 years for my wife to convince me that sometimes I should keep my mouth closed. This is one of those moments I will practice what I have learned.