In times of credit crunch it is positive to know that the (US) tax systems always is ready and available to help you get rid of some more money. In the event you have earned a buck via other means, here’s what to do if you’re a US tax payer.
Illegal activities
Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on form 1040 line 21, or on schedule C-EZ (Form 1040) if from your self employment activity.
Kickbacks.
You must include kickbacks,side commissions, push money, or similar payments you receive in your income…
Stolen property.
If you steal property, you must report its fair market value in your income in the year you steal it unless in the same year, you return it to its rightful owner.
Bribes.
If you receive a bribe, include it in your income.
