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The Southern California News Group (SCNG) includes eleven daily newspapers in Southern California and their digital platforms: Los Angeles Daily News, …
A reward is being offered to help capture a hit-and-run driver. If I provide the information that leads to the suspect’s arrest and ultimately get the reward, is it taxable?
A:
Generally, unless excepted by law, all income is taxable. The exceptions are limited, such as a qualified scholarship or money you received that is then transferred to...