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When a taxpayer makes money from something like selling marijuana, they still owe taxes on that income. The law requires the marijuana profits to be reported for income tax purposes. This type of income is usually only reported and tax collected if the IRS catches wind of the illegal activities. This is often limited to… Continue reading Blunt Truth: Paying Taxes on Illegal Income
The post Blunt Truth: Paying Taxes on Illegal Income appeared first on Houston Tax Attorneys | Mitchell Tax Law.