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In the mid-80s, you reported income to the IRS as coming from a marijuana business? Bold move. Is there a statutory prohibition on the IRS sharing this info w
by shimon 10y ago
In the mid-80s, you reported income to the IRS as coming from a marijuana business?
Bold move.
Is there a statutory prohibition on the IRS sharing this info with other law enforcement agencies? Where is the line, i.e. would you expect confidentiality if you reported proceeds from your work as a hitman?
- mikestew 10y agoIn the mid-80s, you reported income to the IRS as coming from a marijuana business? Bold move. In the mid-80s I had income that would not ordinarily go on a W2 or a 1099. I had reason to take them at their word and file. All I'm saying is that the IRS doesn't care where the money comes from, as long as they get their cut, and I have experience to back this up. All it takes is one story to the contrary to turn this into urban legend, and the IRS doesn't get as much money anymore. They're a debt collection agency, I had/have little reason to doubt that they just want their money.
- int_19h 10y agoOf a sort. Other agencies can get that data from IRS, but they need to initiate the process, and they need a court order for that. So if they have a reasonable suspicion that someone is committing the crime, they can check that person's tax records; but they can't just trawl the tax return database and see who reported illegal activity.