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-   -   Make sure to get a reciept from that junkie (https://www.bikeforums.net/foo/508245-make-sure-get-reciept-junkie.html)

pgoat 02-04-09 09:04 AM

Make sure to get a reciept from that junkie
 
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.

jsharr 02-04-09 09:16 AM

Is exotic male modeling and some "light" prostitution illegal?

pgoat 02-04-09 09:21 AM


Originally Posted by jsharr (Post 8303278)
Is exotic male modeling and some "light" prostitution illegal?

Dunno, but they, like everything else, are 100% taxable

Ask for a signed receipt to be stuffed in your g-string next to the twenties

jsharr 02-04-09 09:24 AM

I am gonna start charging tax on tips.

Thank you for the $20 Pastor Jones.

Your tax will be......... * gets caculator out of t back *

..... $1.65.

*puts thumb on change maker he bought from a Sonic waitress*

Wordbiker 02-04-09 09:39 AM

http://www.simmonstax.com/1040EZ2DO%20tax%20form.jpg

TechKnowGN 02-04-09 09:41 AM

Its not all taxable. Selling drugs or prostitution is a hobby up to $599 earned, then it's a job.

ehidle 02-04-09 10:02 AM


Originally Posted by pgoat (Post 8303209)
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...

UnsafeAlpine 02-04-09 10:51 AM

I have to claim my Nobel prize? Damn...

KingTermite 02-04-09 10:53 AM


Originally Posted by jsharr (Post 8303278)
Is exotic male modeling and some "light" prostitution illegal?

Exotic male modeling to dogs "light" prostitution to movie star cardboard cut outs are not illegal. At least not in your case. :thumb:

jsharr 02-04-09 10:54 AM

cool. I was a bit worried.


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