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I'm not sure if this is intended to be a hypothetical but there is no IRS form where "Drug Dealer" is the correct answer. Drug dealing income would be disclose
by staticman2 1y ago
I'm not sure if this is intended to be a hypothetical but there is no IRS form where "Drug Dealer" is the correct answer.
Drug dealing income would be disclosed as "Other income".
If you volunteer "drug dealer" my guess is they could use it against you. Similar to showing up at FBI headquarters and shouting "I'm a drug dealer!"
- toast0 1y ago> I'm not sure if this is intended to be a hypothetical but there is no IRS form where "Drug Dealer" is the correct answer. What else would you put in the Occupation field at the end of the form?
- staticman2 1y agoMerchant? Salesman? Deliveries? Distributor? Client services? Sales? That field isn't actually used for anything other than determining if you are eligible for tax breaks like the school teacher deductable.
- jandrese 1y agoIndependent salesman.
- rjbwork 1y agoIndependent Pharmaceutical Sales Consultant
- deleted 1y ago[deleted]
- amacbride 1y agoImport/Export Specialist
- zepton 1y agoSchedule C to Form 1040 (self-employment income) asks for your "Principal business or profession, including product or service". It's pretty clear that the only correct answer for some people would be something like "drug dealer".
- staticman2 1y agoUnless I'm missing something you choose from a list of principal business Codes and also provide a description. Unless "drug dealer" is one of those codes it's not an option to select that so that isn't the correct answer for code. The instructions for the codes state, "Note that most codes describe more than one type of activity." If you must provide a description as well you would provide one that describes more than 1 type of activity, not "drug dealer".
- kstrauser 1y agoThose would probably be one of NAICS code: * Pharmacies and Drug Retailers: 456110 * Drugs and Druggists' Sundries Merchant Wholesalers: 424210
- macinjosh 1y agoThose are a far cry from street drug dealer, not really incriminating yourself if you do that, you're just lying. They don't have codes for illegal activities
- QuercusMax 1y ago"Independent Entrepreneur"
- cbfrench 1y ago“Alternative Pharmaceuticals Purveyor”
- tyre 1y agoI believe there is a space for bribery income