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The problem is that when you report the income the IRS wants to know where it came from. If you can't rightly say that's a red flag of its own. So you either ad
by jschwartzi 6y ago
The problem is that when you report the income the IRS wants to know where it came from. If you can't rightly say that's a red flag of its own. So you either admit(or strongly imply) that you run a criminal enterprise or you evade taxes. Hidden option 3 is buying a laundromat and a couple of video game arcades.
- refurb 6y agoI’ve always heard the IRS doesn’t care where your income comes from, just that’s it’s reported. IRS website even talks about how to report “illegal income” and “bribes”. And the IRS has no authority beyond tax collection. They can’t do a (non-tax) criminal investigation. Now, could they flag it for the FBI? Sure.
- bredren 6y agoThe IRS accepts payments from those living illegally in the country. Not sure how it is now iirc proving a history of paying taxes was part of a successful naturalization process.
- refurb 6y agoGood example. I had a friend go through naturalization. The illegal presence is dealt with separately, but the tax check is basically "Do you file taxes each year? Do you owe the IRS any money? Ok, you're good."