If you go around and steal coins from the water fountains, do you need to report this as income?

funnylikeuplifting
Posting as :
works at
You are currently posting as works at

IRS: That’s taxable. CPA: That’s deductible. Judge: That’s 90 days in county.

funnylike

What’s deductible? The gas money and depreciation to drive to the fountain?

like

Yes. Income from illegal activities needs to be reported. If you report the illicit income , file on time , and pay the IRS you have complied with your tax obligation.
If and when (hopefully) another agency like FBI or IRS Criminal Investigation , or state police pick up the trail then the focus will be on crime not tax as you have paid your taxes.
Al Capone got indicted on tax evasion by keeping two sets of books and not paying taxes which sent Capone to Alcatraz.
If you are a vulgar and venal human being who cheats from the American people get a great

Well if CPA firms can steal unpaid overtime, why not?

Related Posts

Would you take an offer at Facebook given the current situation?

like

I'm having two 2nd-to-last rounds for non-G FAANGs this week, but I haven't heard if/when I am advancing in interviews for 2 different roles at G that I last interviewed or phone screened for 2 weeks ago. Will Google speed up if I tell them I'm in the process with another FAANG? Will it look bad if I tell G I'm advancing elsewhere but don't get the offer elsewhere?

like

If a senior partner referred me, and I still haven't heard back after 4 weeks, what could be the reason as to the delay? Am I not getting an interview?

like

Best places to eat in the Path?

What's going on this weekend? Any fun holiday shops or pop-up bars I could check out?

like

Heloo fishes, Which SAP module have better future opportunity- SAP FICA or SAP BRIM?

like

Hexperience...??ey can any one let me know the salary of. Automation engineer inTCS For 3.2 years

like

Hot take: if it’s actually a stealth layoff then everyone else got the same speech as you and outing the firm won’t identify you.

like

Planning on getting married in a temple in the US. Does anyone know what all paperwork (eg marriage license, certificate, registration) I should be thinking about and how to get it done?

like

Hey Everyone,

I will be joining EY GDS in August 2021. There's a pay component "Advanced Statutory Bonus" of around 26k per annum. Any idea what this is? Is it truly fixed or will depend on firm's performance?

Thanks!

like
like

Any Deloitte people that can help with billable work for a BTA?

likefunny

Can anyone tell me if there is any portal for e-separation. My friend was trying to put paper but he works on client laptop and he did not know much details.. Is there any portal in velocity app for the same

Is anyone aware of how the Business System Analyst role is in IQVIA?

like

Hello All...

I am serving a notice period in Accenture and looking for a better job opportunity. Requesting you kindly refer me for SAP SD and 5 years of experience.

like

Whats the work life and culture at Nvidia in India? How does it compare with other product companies ?Nvidia Intel Corporation Qualcomm

like

I’m 30, should I consider joining S& Middle East as Senior Associate in attempt to make Manager and leave? Is it too exhausting? Will I burn out before I get there? And how long to Manager?

like

Why did Donald tank the stock market today?

funnylikeuplifting

I moved from NY to CA about halfway through 2020. Do I have to claim half the year in CA in my taxes? It’s a temporary move so hoping I don’t have to (but my drivers license and mailing address are now CA). Any advice is appreciated!

like

Additional Posts in Accounting

Firm pushes mandatory virtual trainings...every partner ever schedules meetings and conference calls at the same time.

like

Health question: How to deal with chronic back pain? I may have a herniated disc and wondering if surgery is a viable option. I hate being restricted actively and constantly reinjuring myself.

like
like

Is the CA standard in the UK for all accountants the way the CPA is in the US?

like

How do you deal with people who throw you under the bus because they’re the ones who are incompetent?

likefunny

Top worst audit industries?

like

People in cmaas, how’s the WLB recently? Are you still working 50+ weekly?

like

Anybody get so fed up at work one day that you start applying for other jobs on your work computer

like

I bet if it were 300B in PPP loans nobody would bat an eye. It’s only when individual taxpayers get a break that everyone becomes a policy expert.

likehelpful

Think I forgot to test an automated control...how screwed am I ?

like

Did anyone else receive an email saying a coworker invited you to join? I can’t seem to figure out who invited me.

like

Do you guys think their crunch time is just as bad as busy season?

Post Photo
like

What's going on at PwC advisory?

like

What is a typical salary range for a HCOL consulting manager position at some of the national firms (Grant Thornton, BDO, RSM, CLA, etc.)? Anyone?

like

Anyone getting these 1095C and 1095B forms, darn I already filed my taxes. #CPAMYASS

like

Anyone know where I can get a free 4 hour ethics course for CPE? I'm no longer at EY

like

Curious what others think about this: a friend of mine has a couple of months of leave this fall to study for the CPA exam (they’ll be paid a reduced salary during their leave), but they mentioned they have no intention of studying for the exam, and instead plan to use that time to look for another job. This rubs me the wrong way, but wanted to hear what others think…

like

Just finishing my first week in as an audit intern and genuinely I have no idea what I'm doing or even a general idea of the audit process. The senior associate left the engagement last week so it's just me and an associate, and they don't have time to give me instruction.

Am I stupid or did the e-learns not prepare me for any of this? The training told me I'd be auditing cash but I haven't even touched a bank reconciliation.

likehelpful

Will most of us (big 4 employees) be in at least the 200k+ salary range once we hit our late 40s and early 50s? I know that MOST of us won't stay with our firms, but does that mean we stagnate?

like

Has anyone let their counselor know they plan on quitting prior to give your notice?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal