Make money work for you!

  • Home
  • Personal Finance
  • Budgeting
  • Shopping
  • Taxes

7 Random Things You Will Get Taxed For

April 13, 2023 · Taxes
stolen property
Photo by Sergey Mironov from Shutterstock

4. Stolen Property

If you staged an at-heist last year, embezzled money, or robbed a bank, you’ll get taxed on the proceeds. In other words, income from criminal activities, such as money from dealing illegal drugs, is taxable and must be included in your income. Bribes are also taxed.

Of course, few criminals report their ill-gotten gains on their returns. But if you’re caught, you’ll be found guilty of tax evasion. While the IRS doesn’t pursue these types of felony cases for many people, the penalty for those caught is harsh.

That’s what happened to well-known gangster Al Capone, who was sentenced to 11 years in federal prison. According to the IRS, he never filed a tax return.

Pages: 1 2 3 4 5 6 7 8

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • Illustration of one person handing an open envelope filled with cash to another across a cracked background. 8 Things to Know Before Lending Money to Relatives
  • Illustration of a Medicare card, benefit statement, and magnifying glass showing coins dropping into a shredder. 10 Ways to Check If You're Overpaying for Medicare Part B
  • An older woman holding a checklist sits across from a healthcare provider discussing medication in a pharmacy. 12 Questions to Ask Before Choosing a Medicare Plan for 2027
  • A senior woman in a yellow winter jacket stands by a snowy mailbox reading a paper utility bill. 9 Costs That Rise Every January for Retirees
  • Desk calendar displaying October 15 and December 7, surrounded by a pill, stethoscope, medical shield, scale, and autumn leaves. 12 Things to Compare During Medicare Open Enrollment This Fall
  • Smiling middle-aged man sitting at a rustic kitchen table reading a printed Pension Summary document near a steaming mug. 12 Pension Terms That Sound Scary but Aren't
  • Woman sitting at a wooden kitchen table looking at a smartphone screen displaying a deposit received notification. Millions of Amazon Prime Members Could Get up to $200 – See if You Qualify
  • Hands holding an open retirement notebook beside a steaming mug and a Social Security notice on a wooden table. Social Security Announcements in October
  • A cracked egg resting in a nest woven from financial ledger strips, beside a drafting compass and pencil. 13 Signs Your Nest Egg Was Built on Outdated Assumptions
  • Senior couple reviewing financial papers and account balances on a tablet at a wooden table. 8 Reasons Retirees Are Opening High-Yield Savings Accounts Now

Newsletter

Get money-saving tips and personal finance advice delivered to your inbox.

Related Articles

prepare early for the tax season avoid

8 Unexpected Reasons to Prepare Early for The Tax Season

4. Avoid the tax season rush If you will prepare early for the tax season…

Read More →
climate

You Can Save $10K NOW With These Climate Tax Breaks

Energy-Efficient Home Improvements If you have done some home improvements in 2022, you can also…

Read More →
tax burdens stealth return

7 States With Largest Tax Burdens for Middle-Class Families

A concerned couple reviews financial spreadsheets in their kitchen, reflecting the growing tax pressures facing…

Read More →
check

Social Security SSI $994 Payment for October and November 2026: Deposit Date, Eligibility, and Who Qualifies

Important Rules and Compliance Requirements The SSA requires all SSI recipients to report any changes…

Read More →
experts, reduce, change, taxes, home, income

Want to Reduce Your Taxes? Here Are 7 (Necessary) Tips 

4. You can deduct 50% of your self-employment taxes Did you know that you can…

Read More →
taxes

10 Unbelievable Things Your Taxes Are Paying For

4. Determine Whether Playing with Barbie Dolls Improves Face Recognition In 2016, researchers at the…

Read More →
Tax credits, reduce, veteran, climate return

8 Legal Ways in Which You Can Reduce Your Taxes

A hand inserts a coin into a slot, surrounded by icons for housing, healthcare, and…

Read More →

Warning: 9 Reasons The IRS Can Audit You Anytime

5. Overstating deductions or disproportionately high deductions Don’t get me wrong, donating to charity is…

Read More →
A desk calendar showing December 31 circled, beside a steaming mug, eyeglasses, and financial planning folders.

10 Retirement Tasks Worth Finishing Before December 31

Finish these 10 crucial retirement tasks before December 31 to avoid IRS penalties, lower your…

Read More →
The Money Place

Make money work for you!

Inedit Agency S.R.L.
Bucharest, Romania

contact@ineditagency.com

Trust & Legal

  • Contact
  • Editorial Policy
  • Advertiser Disclosure
  • FAQ
  • Subscribe
  • Unsubscribe
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • Do not sell my personal information
  • Request to Know
  • Request to Delete
  • CA Private Policy

Categories

  • Budgeting
  • Personal Finance
  • Shopping
  • Taxes

© 2026 The Money Place. All rights reserved.