Question
The IRS pays finders fees for valuable information leading to the collection of taxes on unreported income of tax dodgers. Which of the following statements
The IRS pays finders fees for valuable information leading to the collection of taxes on unreported income of tax dodgers. Which of the following statements is not correct? a. The finders fees will be subject to the income tax just like any other income. b. The finders fees will be subject to tax regardless of the citizenship of the recipient. C. The tax evaders can request the name of the person(s) who informed on them so that they can be called as witnesses in any subsequent criminal trial. d. Informing on tax evaders to collect a financial reward is considered good citizenship.
TAXATION
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