4 ms·

I'm pretty sure bribes specifically aren't tax deductible: https://www.irs.gov/publications/p535#en_US_2020_publink1000209180 https://www.irs.gov/publications/p

• gruez 5y ago
  Is a ransomware payment a bribe? The linked page doesn't really say what constitutes a "bribe". The next paragraph says that it only covers illegal activities, which AFAIK isn't the case for ransomware groups unless they're a designated terrorist organization or something.
  • toomanybeersies 5y ago
    As far as I'm aware, ransomware payments wouldn't be considered a bribe. They're more similar to an expense incurred due to `kidnapping for ransom`, which is deductible. So in summary: - Kidnapping for ransom expenses are deductible - Bribes are not deductible - Ransomware payments may be deductible