Consumerism Commentary - Latest Comments in Do I Need to Report This Income? Part 2

Re: Do I Need to Report This Income? Part 2

rich — Wed, 30 Jan 2008 11:20:10 -0000

I received proceeds from a forloser do I have to report as income? I am retired and on Sociae Security and Pension

Re: Do I Need to Report This Income? Part 2

Piri — Mon, 09 Apr 2007 08:14:14 -0000

What about Wedding Gifts?
Thanks for the nice guide! (Funny too!)

Re: Do I Need to Report This Income? Part 2

Harlan Landes — Thu, 05 Apr 2007 15:17:08 -0000

John: Sorry, that's just my odd sense of humor.

Re: Do I Need to Report This Income? Part 2

john — Wed, 04 Apr 2007 12:37:40 -0000

> they were about to rob some individual they call Ã¢â‚¬Å“McJagger,Ã¢â‚¬Â?

Are you sure that wasn't "Mick Jagger?"

Re: Do I Need to Report This Income? Part 2

Kay — Wed, 10 Jan 2007 18:46:25 -0000

Realistically, it's nigh impossible to collect taxes on illegal income (although last year the NYTimes ran a story on a group that helps ladies of the evening file their returns). The real reason for these types of laws is to "pile on" a la Al Capone. If something happens where a more typical criminal charge can't be successfully prosecuted, the tax law violations are another and usually easier way to convict the person of at least something.

Re: Do I Need to Report This Income? Part 2

dimes — Tue, 09 Jan 2007 23:55:25 -0000

I've often wondered how the IRS could ever really audit a prostitute or drug dealer, for example.

Re: Do I Need to Report This Income? Part 2

Getting Green — Sun, 07 Jan 2007 21:49:24 -0000

I think the IRS's true colors really come out when they tell us that we have to report illegal income. They're nothing more than a pack of government sponsored thieves! You'd think that since that 99% of Americans hate paying taxes there'd be a bigger movement to cut them, but nope!

Re: Do I Need to Report This Income? Part 2

mapgirl — Fri, 05 Jan 2007 16:03:45 -0000

Hilarious post.

Re: Do I Need to Report This Income? Part 2

2 Pennies Earned — Fri, 05 Jan 2007 14:48:26 -0000

What about the gift cards and statement credits that credit card companies give out when you sign up for their cards?

Re: Do I Need to Report This Income? Part 2

Debt Free — Fri, 05 Jan 2007 10:02:49 -0000

You shouldn't be playing the Lottery in the first place, although a 12/54,000,000 return is pretty good on a dollar. Basically the IRS always gets their cut. Great post.