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There is no such thing as “found money” as far as the IRS is concerned, says the Association of Mature American Citizens.
There are sever l cases on the books that prove the notion and Forbes magazine reported on two of them recently. In one instance, a man found $5,000 inside of a used piano he’d bought for $15. In another, a couple discovered gold coins worth $10 million buried on property they owned. On both occasions, Uncle Sam sent the tax man to claim his cut.