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Revision as of 11:02, 27 August 2026


The old adage is crime doesn't pay, but one certainly can wonder sometimes about the truth of it given the number of politicians that normally be bad guys! Regardless, the fact you are making money from a criminal offense doesn't mean you do not to pay taxes. That's right. The IRS wants its unfair share of one's ill gotten gains!

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B) Interest earned, but is not paid, during a bond year, must be accrued at the end of the bond year and reported as taxable income for the calendar year in in which the bond year ends.

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