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-   -   Taxes for business that lost all to fraud (https://www.askmehelpdesk.com/showthread.php?t=722094)

  • Dec 11, 2012, 02:58 PM
    lvazquez821
    Taxes for business that lost all to fraud
    If a business lost all its money and property due to fraud, can you report this on IRS tax filing? If you report it can you use the amount lost to fraud to lower your tax liability?
  • Dec 12, 2012, 06:30 AM
    AtlantaTaxExpert
    Yes to both questions.

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