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Fair. Are there examples documented out there where the smart criminals did pay their taxes and we got details on how exactly they described and categorized the

• ramesh31 2y ago
  >"Misc income (bribes) $123,456" might not be the best solution. You joke, but funny enough that is indeed the official stance from the IRS: https://www.irs.gov/publications/p525#en_US_2023_publink1000229557 https://www.irs.gov/publications/p525#en_US_2023_publink1000... "Illegal activities. Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on Schedule 1 (Form 1040), line 8z, or on Schedule C (Form 1040) if from your self-employment activity."
  • creer 2y ago
    Heh. Yes I had noticed this. The problem with "Misc income (bribes)" would be mentioning "bribes" outright. Which then might have a propensity to reach the wrong persons. Confidentially of course. I expect it's more popular to find other, more politically favorable euphemistic ways to still declare and pay taxes even if the description is only marginally or technically correct. Or to disguise the illegal activity as a "separate business". I insufficiently remember cases in Europe where "Consulting services" were provided. Consulting services would be an easy one. I'd say too easy by now, for a politician.