Money from blackmail, otherwise known as extortion, is most certainly taxable by the IRS: http://www.irs.gov/uac/Federal-Statutes---Money-Laundering http://www.

Money from blackmail, otherwise known as extortion, is most certainly taxable by the IRS: http://www.irs.gov/uac/Federal-Statutes---Money-Laundering http://www.irs.gov/uac/Federal-Statutes---Money-Laundering