8 Surprising Things That Are Taxable

On the list of things you hate, somewhere in there is probably learning that something you didn't think you had to pay tax on, you do. Any money that comes into your life can be taxable, says San Diego-based tax attorney Sam Brotman. "Technically, under Internal Revenue Code Section 62, the IRS can find a way to tax almost every way of receiving money ... Even finding $20 on the street would be considered taxable, and the IRS would want their fair share of the money that you receive," he says.