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GLASS HOUSES, STONES AND ALL THAT
December 21, 2004
Colorado disc jockey James P. Ellis turned in a tax cheat somewhere along the line and received a reward for doing so from the IRS. Then he did something foolish: he didn't report the reward on form 1040.
Result: tax and negligence penalties.
Cite: T.C. Summary Opinion 2004-170 (pdf format)
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