Daily Shaarli
December 29, 2021
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.
Stolen property.
If you steal property, you must report its fair market value in your income in the year you steal it unless you return it to its rightful owner in the same year.
While you obviously wouldn’t be expected to know everything — or even most — of what the tax code says, there is something the IRS expects people to declare as income that is so absurd, you won’t believe it.
According to the IRS, “If you steal property, you must report its fair market value in your income in the year you steal it unless you return it to its rightful owner in the same year.”
For the entirety of the pandemic, Democrats and their media allies have used case numbers to trash red states. It never mattered that New York dwarfed Florida in deaths per capita despite the latter having a far older, more vulnerable population. Ron DeSantis was evil and every new infection was a moral failing, according to the left.
But now that COVID is slamming the Northeast at higher rates than the South’s summer wave, the goalposts have been uprooted and launched into orbit.
As we recognize that covid-19 is not a deadly or even severe disease for the vast majority of responsible Americans, we can stop agonizing over “cases” and focus on those who are hospitalized or at risk of dying.https://t.co/S4OQD7R58u
— Jennifer 'pro-voting' Rubin (@JRubinBlogger) December 28, 2021