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Are extortion payment and “protection fees” to mob groups already tax deductible? Ransomware payments aren’t qualitatively different.
by occamrazor 5y ago
Are extortion payment and “protection fees” to mob groups already tax deductible?
Ransomware payments aren’t qualitatively different.
- casefields 5y agoMaybe: https://taxfoundation.org/irs-guidance-thieves-drug-dealers-and-corrupt-officials https://taxfoundation.org/irs-guidance-thieves-drug-dealers-...
- toomanybeersies 5y agoYep, losses due to theft are deductible [1], including blackmail, extortion and "kidnapping for ransom". [1] https://www.irs.gov/publications/p547#en_US_2020_publink1000225208 https://www.irs.gov/publications/p547#en_US_2020_publink1000...