IRS Urges Reporting of Income from Illegal Activity on Tax Filings for 2023

Sunday, 25 February 2024, 17:00

The IRS advises individuals who made money from illegal activities in 2023 to report it on their tax filings. Non-disclosure may lead to legal consequences. It is crucial to adhere to tax laws even for income derived from illicit activities. Compliance with IRS regulations is essential to avoid penalties and legal issues.
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IRS Urges Reporting of Income from Illegal Activity on Tax Filings for 2023

IRS Urges Reporting of Income from Illegal Activity on Tax Filings for 2023

Made money from illegal activity in 2023? Better report it on your taxes, IRS says - KTLA Los Angeles


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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