2006-08-27 12:35:58 · 34 answers · asked by ohshucks 1 in Business & Finance ➔ Taxes ➔ United States
You have to list it as income
2006-08-27 12:36:48 · answer #1 · answered by The Pulverizer 4 · 0⤊ 1⤋
Uh. Don't. You may want to consider turning the cash over to the local authorities. Last thing you want to do is have a few of those dollars on you when you go through the latest airport or public building security screener. A little residue of a controlled substance and you will be the recipient of an all expense paid cavity search.
2006-08-27 12:39:14 · answer #2 · answered by troythom 4 · 0⤊ 0⤋
Technically, you have stolen it. You need to take it to the police and if they don't find the owner or that it needs to be used as evidence, then you should be able to keep it after 30 days. I wouldn't go around advertising it if you don't want officers showing up on your doorstep because it isnt technically yours just because you found it. Here's hoping they don't find the rightful owner and you are 14 k richer in 30 days!
2006-08-27 12:39:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Don't mention it to anybody, least of all the tax office! If you are keeping it, which is probably illegal, then stick it in a box somewhere safe, and break out a couple of hundred at a time. Or stick it all on the lottery and hope your luck holds out again!
2006-08-27 12:39:31 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Rent a safe deposit box at the bank and put the cash in the box and only carry about two hundred dollars with you at a time and break down the bills into something smaller.Do not report this too anyone and shut your mouth about it.
2006-08-27 12:55:02 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If you found it and are keeping it you don't need to claim it on your taxes, count your blessing and don't be greedy. Just for the simple fact that you aren't doing the right thing by keepin it.
2006-08-27 12:40:59 · answer #6 · answered by Vanessa P 1 · 0⤊ 0⤋
I think you should be more concerned about your safety for some person to leave a pillow case with 14 grand in it, who knows what they'd do to get it back.
2006-08-27 12:37:48 · answer #7 · answered by woofywaffles 3 · 0⤊ 0⤋
you have to give it to the police, in 20 days if no one proves its theirs then you keep it. You dont have to write it on taxes. if you spend it before allowing the police to do the 20 day thing you are considered a fellon. And you didnt find any money
2006-08-27 12:42:46 · answer #8 · answered by Anonymous · 0⤊ 0⤋
umm you wouldn't and don't deposit all of it at once cause anything over $10 grand the IRS gets told about on a form - if you are keeping stolen money - you wouldn't then do the honest things and claim it on your taxes
i think u are lying and that is mean :o (
2006-08-27 12:37:56 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Claim it?
Those were your taxes. I got them back, put them in a pillowcase, and stuck it behind McDonalds for you.
And I won't do it for you a second time.
2006-08-27 21:55:22 · answer #10 · answered by Steeny 2 · 0⤊ 0⤋
According to IRS Publication 525, the Bible of finding out what is taxable and waht is not:
"Found property. If you find and keep property that does not belong to you that has been lost or abandoned (treasure-trove), it is taxable to you at its fair market value in the first year it is your undisputed possession."
2006-08-27 13:07:02 · answer #11 · answered by Anonymous · 2⤊ 0⤋