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The old adage is crime doesn't pay, only one certainly can wonder sometimes about the accuracy of it given the volume of of politicians that normally be baddies! Regardless, the fact are usually making money from a criminal offence doesn't mean you don't have to pay taxes. That's right. The IRS wants its unfair share of the ill gotten gains!

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Make sure you are aware of the exemptions it is related to the link. For example, municipal bonds are generally exempt from federal taxes, and end up being exempt from state and local taxes incase you 're a resident belonging to the state.

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