tax write off for ransom - sterling accounting

Can You Get A Tax Write Off If You’ve Paid A Ransom?

tax write off for ransom  - sterling accounting Well, this one is quite an interesting read… and I think you’ll be as surprised as I was to learn that if a business has been the victim of a hacking attack and has paid a ransom – there is a chance they can write off those losses on their taxes.

“The IRS definesĀ a theft as the taking and removing of money or property with the intent to deprive the owner of it. The taking of property must be illegal under the laws of the state where it occurred and it must have been done with criminal intent…” [ Read more here ]

 

Published by

Dependable Website Management

This amazing website, blog, and social media are proudly managed by Dependable Website Management. Dependable Website Management is an United States based technology company operating out of beautiful South Florida. Visit us online today at www.DependableWebsiteManagement.com for more information about us and our corporate technology services. Thanks for reading!

Leave a Reply

Your email address will not be published. Required fields are marked *