Do I Have to Report This Income?  by Daniel Packer on 14 March
2011 23 comments  Today we're going to play a game called "Do I
Have to Report This Income?" It will teach us a little about tax
filing requirements and present some interesting situations
about what income is taxable and what can be left off a tax
return.  When doing taxes, there are a ton of ways to get around
reporting income. How can the IRS track cash transactions?
Nobody will report a few items you sell online, right?  While it
may be easy to hide some money from the government, there can be
serious repercussions. If caught, it could cost you a lot more
in the long-term. (See also: Top 10 Red Flags That Trigger IRS
Audits)  So if you're one of those trustworthy folks and are
trying to file your taxes properly, you should be aware of which
income you have to report.  Ready to learn what you need to
include as income on your taxes? The questions will get
increasingly harder, but I think you will catch on fairly
quickly.  1. I just received a W