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by abustamam 84 days ago
I'm curious if anyone has ever said yes to income from illegal activities. Moreover, I wonder if something like this would be protected under 5th amendment.
3 comments

I wonder what happens if you write "5th amendment" as the source for your completely legal salary.
They'll probably close your account and point to their right to choose who they do and don't do business with without having to explain themselves.
The IRS will close your IRS account?
This conversation is about banks, not the IRS, at least to my understanding.
I recently chuckled when doing my taxes and reporting miscellaneous income when I saw that one possible income category in my tax software was "bribes, received".
IANAL, but my understanding is that it is not protected under the 5th amendment.