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Reporting money from unlawful source

  • 03-03-2016 05:12PM
    #1
    ProfessorChef
    Registered Users, Registered Users 2 Posts: 18 ✭


    Hi guys, over the past year I have taken in about 30k from selling codes for programs such as Adobe, Microsoft, Anti-Virus and I am not a registered reseller. I receive the money over PayPal with payment sent as gift and have used many accounts.

    I am thinking of registering as self employed to show I have income. If I'm correct money from illegal activities/unlawful source must be taxed as miscellaneous income.

    Much appreciated if anyone can give me some info.


Comments

  • #2
    whippet
    Registered Users, Registered Users 2 Posts: 7,739 ✭✭✭whippet


    Give a call to CAB .. A dept of the revenue, they will be able to point you in the right direction


  • #3
    Pat Mustard
    Registered Users, Registered Users 2 Posts: 9,554 ✭✭✭Pat Mustard


    An accountant should be able to assist you in relation to income tax and VAT queries, etc.

    Thread closed.


This discussion has been closed.
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