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IRS Demands Americans Report Stolen Items on Tax Returns in 2021

The following article, IRS Demands Americans Report Stolen Items on Tax Returns in 2021, was first published on Flag And Cross.

You know the old saying, “taxation is theft”?  Well now it appears as though the Internal Revenue Service would like to actually tax any theft that you may have committed in any particular calendar year.

That’s right:  Everyone’s least favorite government office is now hoping that you will incriminate yourself by declaring the value of any goods that you’ve stolen over the last twelve months.

Several posts displaying the Internal Revenue Service’s (IRS) guideline requiring taxpayers to report stolen goods as income went viral this week, leading to an array of online speculation as to the practical consequences of the requirement as well as references to the recent wave of mass lootings.

The IRS requires U.S. citizens to list goods they stole during the year on their federal income tax returns, something which proved news for many after a series of viral posts set off a Twitter storm on Tuesday.

The backlash was swift and unsurprising.

One post, which received nearly 25,000 likes as of Tuesday night, served as a tongue-in-cheek reminder for taxpayers to report illicit income ahead of the coming tax season, which begins next week.

“Remember to report your income from illegal activities and stolen property to the IRS,” the post reads.

And they wonder why Americans are ever-more concerned about the size and scope of the federal government?

Continue reading: IRS Demands Americans Report Stolen Items on Tax Returns in 2021 ...

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