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The proceeds of criminal activities are taxable income. Money that is embezzled from an employer is taxable to the embezzling employee. But what about money transferred between friends with the agreement that one of them will invest the funds, but he instead uses the funds personally and in doing so did not violate a criminal […]
The post Misappropriated Money Subject to Tax, Even if No Criminal Violation appeared first on Houston Tax Attorneys: Kreig Mitchell.