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Author Question: Faye has sold illegal drugs. The IRS requires that all income be reported whether obtained legally ... (Read 25 times)

RODY.ELKHALIL

  • Hero Member
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on: Aug 3, 2018
Faye has sold illegal drugs. The IRS requires that all income be reported whether obtained legally or illegally. Assume that Faye reports her illegally gained income on her tax return. The Department of Justice may use that return as evidence and prosecute Faye for selling illegal drugs.
 
  a. True
  b. False

Question 2

Requiring that records be held by an individual or business subject to review by the agency is called reporting.
 
  a. True
  b. False


cici

  • Sr. Member
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Reply #1 on: Aug 3, 2018
Answer to Question 1

b

Answer to Question 2

b


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