Reporting illegal earnings to the IRS?? 👀

23 Feb 2024 · 1 min

Watch on YouTube

0:43

In this brief YouTube segment, the hosts discuss a recent IRS announcement that now requires taxpayers to report income derived from illegal activities—such as drug sales and gambling—on their tax returns. The conversation is informal and humorous, highlighting the surprising nature of the policy and the hosts' reactions to it.

And then the other funny story I saw in the news, we like, we, I know we mentioned this on the podcast probably like a year ago.
I mean, during tax time. Yeah, tax time.
IRS sends out an announcement today, uh, they want you to report illegal, illegal earnings like sale of drugs, gambling on your tax return. Believe it or not, it's pretty funny.
Believe it or not, I know, I mean, I don't— there's people who do it. Yeah. Because it's, it's at the end of the day, it's if they get caught, they're not going to get caught for tax evasion, right?