When the IRS Wants a Cut of Your Street Money

The U.S. tax code is like that friend who shows up uninvited and still insists on splitting the bill. Technically, you're required to report certain things, such as:

- Finding a $20 bill in the parking lot? Congratulations, that counts as taxable income.
- Auntie gives you a brand-new flat-screen TV for Christmas? The IRS considers that "income."
- Won $50 in a dice game? Uncle Sam wants his share, so be prepared to file a Form 1099.
- Even stolen property? Yes, you're supposed to report that. It turns out crime has its own tax implications.

The IRS doesn’t care if your windfall comes from luck, generosity, or illicit activities. If it benefits you, they want their cut.

Welcome to America: the land of the free, home of the brave, and a place where even gifts carry a price tag.

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