Submitted by xCreamPye69 t3_10ontj7 in explainlikeimfive
Frednotbob t1_j6gpp03 wrote
Reply to comment by ELVEVERX in ELI5: Why does the IRS want your illegal income declared on tax returns? by xCreamPye69
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.'
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