Reminder: According to the IRS, if you stole property this year, you must return it to its rightful owner before New Years.
If you keep it, you will be required to declare its fair market value in the income section on your taxes.
irs.gov/publications/p…
If you keep it, you will be required to declare its fair market value in the income section on your taxes.
irs.gov/publications/p…
More end-of-year tax advice: According to the IRS, you may still be able to get a tax credit for your child, even if they were kidnapped this year.
The IRS only requires the child lived with you for half of the year before the date of the kidnapping.
eitc.irs.gov/other-refundab…
The IRS only requires the child lived with you for half of the year before the date of the kidnapping.
eitc.irs.gov/other-refundab…
More advice: If you decide to snitch to the IRS for money this year, your “whistleblower’s award” will be taxable.
You may write off court costs/attorneys from the snitch tax, but not in excess of the award itself.
irs.gov/publications/p…
You may write off court costs/attorneys from the snitch tax, but not in excess of the award itself.
irs.gov/publications/p…
(This thread was for light-hearted news and informational purposes only.
I do not provide actual tax, legal or accounting advice by screen-capping the IRS website and paraphrasing it.
Consult a licensed professional.)
I do not provide actual tax, legal or accounting advice by screen-capping the IRS website and paraphrasing it.
Consult a licensed professional.)
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