Taxes question

[Keighan]

How is a caregiver or dspenary taxed federally for their yearly income?...since its illegal federally..

 

[sunni]

your best bet is it post this in the state that you reside in
in toke n talk youll get varied answers from all over the country and other countries

 

[Carolina Dream'n]

Although the federal government won't let dispensary bank. They still require them to pay taxes. Not sure exactly how it works but I know that they do pay them.

 

[redi jedi]

How is a caregiver or dspenary taxed federally for their yearly income?...since its illegal federally..

They're most likely claiming themselves to be a consultant of some sort.

 

[curious2garden]

How is a caregiver or dspenary taxed federally for their yearly income?...since its illegal federally..

You will find the beginning of your answer here:
https://en.wikipedia.org/wiki/Taxation_of_illegal_income_in_the_United_States follow the reference to the IRS bulletins

If you are filing this way you need to lawyer up and use an accountant. Do not do this yourself.
hth