Tax season is thankfully over for most of us this year, but it’s never too early to plan for next year.
I just learned today, from a CPA, that if you find a dollar in the street, you are supposed to report it on your taxes. He also cautioned that if I were to kidnap someone and collect ransom, then I was obligated to report the ransom as income.
I’m pretty sure that I wouldn’t call it “ransom” on my taxes; that would land the FBI on my doorstep faster than I could spell FBI. I’d probably list my ill-gotten gains under “services,” like prostitutes do—the honest ones, anyway.
This tax service is provided for free. I just wanted to make that clear in case the NSA gets wind of my blog.
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