illegal income Definition | Business Dictionaries from AllBusiness.com
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Business Definition for: illegal income
illegal income

proceeds of theft, for example, or embezzled funds, which are taxable income. Such income is taxable irrespective of the legitimacy of its source.

Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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