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The Student News Site of Northern Illinois University

Northern Star

The Student News Site of Northern Illinois University

Northern Star

IRS requires taxpayers to report illegal sources of income

By Felix Sarver | April 11, 2012

Money made from gambling, hobbies, bribes and even drug dealing are things the Internal Revenue Service (IRS) wants to know about. Taxpayers must include in their tax income return forms all income they receive in the form of money, property and services...