Old 02-04-09, 10:02 AM
  #7  
ehidle
T-Shirt Guy
 
ehidle's Avatar
 
Join Date: Jul 2008
Location: Lansdale, PA
Posts: 464

Bikes: 2005 Fuji Team Issue, 2007 Fuji SL-1

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Originally Posted by pgoat View Post
http://www.irs.gov/publications/p17/ch12.html

Illegal activities. Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on Form 1040, line 21, or on Schedule C or Schedule C-EZ (Form 1040) if from your self-employment activity.
Hey, they never busted Al Capone for racketeering, murder for hire, money laundering, or any of that BS...

They got him on failing to pay income tax on his profits..

I imagine that drug dealers who get out of the charges could get busted for tax evasion as well...
__________________
Yellow + Blue Jerseys!

Get your Cranky T-Shirt!
Men's
and Women's designs available
ehidle is offline