Life often brings us those moments that are way more interesting than anything we could ever make up.
Such was the situation when my husband and I were working on our taxes this year. My husband, in his desire to ensure we keep all the money we can legally, combs through all the tax publications and forms with a fine tooth comb. You can imagine my amazement and laughter when he pointed out the following paragraph from Publication 525, page 36:
"Stolen Property. If you steal property, you
must report it's fair market value in your income
in the year you steal it unless in the same year,
you return it to it's rightful owner."
So my husband says, "Hey, if I steal a car, and use it all year long, but return it to the rightful owner at the end of the year - I don't have to report it as income!"
Growing Old - Disgracefully
2 hours ago