01.07.07
Taxes on Stolen Goods
Check out Publication 17 from the IRS regarding income taxes on stolen merchandise:
Stolen property. If you steal property, you must report its fair market value in your income in the year you steal it unless in the same year, you return it to its rightful owner.
[Shamelessly copied from this digg.com news article.]
Andrew Cox said,
February 22, 2007 at 6:21 am