I know at first this sounds insane, but you need to shift your point of view to the crime syndicate in control. They are thieves themselves. Remember, they steal our wealth through inflation, money laundering, drug trafficking, child trafficking, asset forfeiture and many other illegal means. So, they're merely asserting their position as supreme thieves and other thieves must cede to the IRS thieves.
Does the IRS really think criminals are worried about making sure they filed their taxes correctly?
They hope a certain percentage of petty thieves do report income they stole. Plus, they legitimize theft and hope some thieves are proud of their thefts so they report it.
Also, is does this rule apply to Hunter Biden and the Biden family?
LOL.
If you steal property, you must report its FMV (Fair Market Value) in your income in the year you steal it, unless in the same year you return it to its rightful owner,” the rule reads
- Can the party who was robbed write off the stolen property?
- If property is returned in the same year, is the victim liable for paying FMV?
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