ELVEVERX t1_j6fuegu wrote on January 30, 2023 at 1:01 AM

Reply to comment by WeDriftEternal in ELI5: Why does the IRS want your illegal income declared on tax returns? by xCreamPye69

>its not happening unless you break the law

I mean that's already happening it's illegal income

WeDriftEternal t1_j6fuo8a wrote on January 30, 2023 at 1:03 AM

Yes, but now you've committed another crime, and tax fraud often can have significant criminal charges attached to it. So you're digging a deeper hole. Although if you will be prosecuted for it would depend on the govt's decision on what to charge you with. Its just adding up potential charges against you. However, there's an easy solution around this: Don't do illegal things.

Frednotbob t1_j6gpp03 wrote on January 30, 2023 at 4:49 AM

Yes, but whether it's legal or illegal is irrelevant to the IRS; it's income, regardless of the source.

They're essentially saying, 'If you're earning income from a source that is not listed in any of the above categories, this is your chance to tell us about it.'

Megalocerus t1_j6gttuo wrote on January 30, 2023 at 5:29 AM

Tax fraud is easier to prove.