Should be able to report previous year's taxes as theft on current year losses.
Pressure is building in Venezuela. Unlike China, the USA cannot fully supply Venezuela with the goods it needs. America lacks the production capacity and the supply networks required to support the entire country.
The key issue is that even with American sanctions in place, Venezuela under Maduro was still able to trade with China. They exchanged oil for products, medicines, and other essential goods on a barter basis. After relations with China broke down, inflation exploded. It reached 649.5 percent by March 2026. The International Monetary Fund expects it to go above 682 percent by the end of the year.
Right now Venezuela oil money is being sent to a special account controlled by the US Treasury. Remember that the United States has also essentially seized Venezuela gold reserves. These moves are speeding up the collapse of the national currency. The situation is spiraling out of control.
Venezuela Oil no longer goes to China, it's no longer cheap and is traded in $.Is China being blocked from Trading with Venezuela ?
Last I checked the Chinese can still trade ..
Inflation loss, too. You put your money into an interest bearing account, it loses value due to inflation, then you have to pay tax on the loss, that the IRS defines as a gain.Should be able to report previous year's taxes as theft on current year losses.
Venezuela Oil no longer goes to China, it's no longer cheap and is traded in $.
Holy Smoking IRS Mobster's guns ..
This is FOR real ..
View attachment 242049
IRS Publication 17, which helps taxpayers determine how to report their income, is extremely detailed. Its section on “Other Income” has some of the most fascinating sorts of income you are obligated to report. Here are three that stand out:
Bribes
If you receive a bribe, include it in your income.
Illegal activities
Income from illegal activities, such as money from dealing illegal drugs, must be included in your income on Form 1040, line 21, or on Schedule C or Schedule C-EZ (Form 1040) if from your self-employment activity.
Stolen property
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.
![]()
IRS Guidance for Thieves, Drug Dealers, and Corrupt Officials
IRS guidance for thieves, drug dealers, and corrupt officials. IRS illegal activities guidance helps taxpayers determine how to report their income.taxfoundation.org
View attachment 242050
John Solomon Just Blew My Mind with His
Prediction About Deep State Accountability
Solomon says President Trump is about to begin declassifying documents at lightning speed in an operation he is calling “Hypersonic Clarity." He believes this massive document dump could pave the way for a grand conspiracy case against the intel agency spooks that have weaponized the government against Trump and millions of Americans for over a decade. "We’re gonna get a level of transparency in a release and declassification of documents unparalleled in American history. The president's setting up something that I think will be unbelievable." "I do think there will be some accountability. It’ll never be enough for what we went through the last 12 years… I think there’ll be a speed of disclosure and a speed of prosecution that we didn’t see in past years."
Solomon says prosecutors only need to flip one top deep state actor to make the whole conspiracy case stick --- just like taking down a mob boss.
This is what we’ve all been waiting for.
2:50 PM · Apr 16, 2026
