I came across this:
According to IRS Publication 525 – Taxable and
Nontaxable Income – page 31 – Other Income
If you steal property, you must report its fair market
value in your income in the year you steal it unless in the same year you return
it to its rightful owner. “
ROFLOL – Yeah right!
Along the same line
” Found Property.
find and keep property that does not belong to you that has been lost or
abandoned (treasure-trove), it is taxable to you at its fair market value in the
first year it is your undisputed possession. “
There are quite
some interesting things in this publication regarding what you should and
shouldn’t report (not the latter is a problem, really). For online viewing,
click: IRS Publication 525.