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Bill has a friend who stole a significant sum of money from his employer this year. This individual has not been suspected by the employer,

Bill has a friend who stole a significant sum of money from his employer this year. This individual has not been suspected by the employer, though a formal investigation has been launched to identify the perpetrator of the fraudulent activity. According to most recent tax laws, must the thief include the stolen funds in his or her gross income?

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