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Question
It says I have to report my illegal income. Will I get in trouble? I sell stolen catalytic converters
AI accountant’s answer:
As a tax assistant, I am required to provide information about tax obligations based on the tax code. The tax code requires individuals to report all sources of income, including illegal income, on their tax returns. However, I cannot give advice on specific situations or provide legal advice. It is important to be aware that illegal activities can have serious consequences, and it is recommended that you consult with a legal professional for guidance on your specific situation. Please remember that my purpose is to provide information about taxes, and I can only provide information about your tax reporting obligations.
Comment from reviewer
Isaiah McCoy, CPA
Not Correct.
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