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puls1234

Reporting of Upfront Option Money

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How would the IRS ever know that someone got $5,000 option money? Couldn't a person in a sandwich lease just claim what they made at the closing and not that upfront money? It would seem to me that no one would know. Please advise.

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Are you are asking me to say it is OK to conceal taxable income from the IRS, because no one else will know?

 

Is it OK to lie, cheat, and steal because you probably will not get caught?

 

How about if you could get away with murder? Would that make it OK?

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Great point Dave. I was just curious. It was just a simple statement and question.

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