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New IRS Rule: Theft Is Now Tax-Evasion, Unless You Declare It
(note: link is to large pdf file)See Page 90 of publication 17. Under the heading of 'other income'. Under 'stolen property' it says: 'If you steal property, you must report its fair market value in your income in the year you steal it unless in that year you return it to its rightful owner!' Posted by: Anonymoose 2007-01-07 |
| http://www.rantburg.com/poparticle.php?ID=177117 |