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A "Taxing" Time of Year
Tax filing season is upon us in the US. For those who have been scammed out of their hard-earned pay, there may very well be some relief. Recognized fraud IS actually tax deductable. If you've been defrauded and have been unable to resolve the issue, check with your accountant, or take a look at IRS tax code section 165. There are a few stipulations as to what can be claimed as losses on your tax forms, but it's certainly worth a look. We should also point out, however, that when dealing with complicated tax matters, we do advise people to do their homework. If you're not familiar with tax codes and have no desire to learn, please see a tax professional regarding your claims. Otherwise, you might just meet one of the friendly personnel of the IRS Auditing department.