Quote:
Originally Posted by Doil_Boil
[You must be logged in to view images. Log in or Register.]
Why would anyone ever report their RMT income? Much less these guys that are probably on disability/public assistance.
|
I agree people are not going to report every bit of income from trivial sources, but this is a legitimate business for these people and even if they fail to report it that does not mean that a disgruntled customer wouldn't report it to the IRS.
Reporting all earned income, regardless of source is a federal requirement and the IRS awards 1/3 of recovered revenues to informants. (Google it ^^) Running a business without reporting earned income when filing taxes is just begging for an audit and all the fun of ensuing fines, penalties and garnishments that come along with it :/
Criminals don't generally worry about it because their clients generally remain silent out of fear of reprisal on one hand and prosecution on the other. In a perfectly legal business setting like this one their is no incentive to remain silent.