3 ms·
If you receive a bribe, include it in your income
- turtleyacht 10mo agoLink: https://www.irs.gov/publications/p525#en_US_2024_publink1000229497 https://www.irs.gov/publications/p525#en_US_2024_publink1000...
- m-hodges 10mo agoThanks; I think it got stripped off when I posted?
- ggm 10mo agoIf memory serves me right, the French tax collection process tried to include declarations for immoral earnings, some decades ago. I'm not sure how well it went.
- chasing0entropy 10mo agoCool story: despite obvious racketeering, murder, assault, bribery, corruption, and trafficking associations, what ultimately got capone was the IRS.
- throw310822 10mo agoNot unrelated: I guess the obligation to declare bribes as income allows the IRS to investigate you for tax evasion if they suspect you're receiving (obviously undeclared) bribes.
- chasing0entropy 10mo agoActually if you declare the income and classify it correctly you are clear from an income oersoective; by disclosing the crime you risk confiscation and prosecution but neither would involve the irs beyond certification of your submissions. Source: armchair cpa
- throw310822 10mo agoBut isn't that the point? If you don't declare the crime you're liable for tax evasion and can be prosecuted by the irs; if you do, you're going to be prosecuted by a different authority. And since nobody is going to self-incriminate, when they catch you you'll be prosecuted both for corruption and tax evasion.