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Expenses and losses related to 'kidnapping for ransom' are tax deductible [1], so it stands to reason that ransomware payments are also tax deductible. [1] htt
by toomanybeersies 5y ago
Expenses and losses related to 'kidnapping for ransom' are tax deductible [1], so it stands to reason that ransomware payments are also tax deductible.
[1] https://www.irs.gov/publications/p547#en_US_2020_publink1000225208 https://www.irs.gov/publications/p547#en_US_2020_publink1000...
- deepserket 5y agoStrangely i haven't heard kidnappings with a payment in cryptocurrency. That's order of magnitude easier than requesting paper money
- detaro 5y agoit happens, plenty reports out there, random kidnappings just don't make high-profile news as much.