Apr. 10th, 2006

Taxes

Apr. 10th, 2006 05:48 pm
Not done yet. This's the first time I've procrastinated them. But came across the following (via Mistress Matisse NSFW) interesting tidbits...

Illegal income. Illegal income, 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.

Holiday gifts. If your employer gives you a turkey, ham, or other item of nominal value at Christmas or other holidays, do not include the value of the gift in your income.

--Publication 525, IRS, for 2005


And in case you ever need to know, Nobel and Pulitzer Prize money *is* taxed.

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asterroc

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