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I always wondered how you do paperwork for something like this. It must be a nightmare from an accountant perspective. What is the bill code for "blackmail" whe
by swatthatfly 12y ago
I always wondered how you do paperwork for something like this. It must be a nightmare from an accountant perspective. What is the bill code for "blackmail" when you file the income tax and you write a 6 figure expense. In the end your cash has to balance out, you cannot not declare it. Anybody with experience in something like this?
- Demiurge 12y agoisn't there something fringe like 'theft' or miscellaneous losses?
- TheCoelacanth 12y agoHaving a code for theft is definitely a thing. For many businesses, having a small amount of theft is just an unavoidable cost of doing business.
- dublinben 12y agoAt least for the IRS, you can deduct money paid out for ransom, blackmail, or other forms of theft. http://www.irs.gov/publications/p17/ch25.html#en_US_2011_publink1000173531 http://www.irs.gov/publications/p17/ch25.html#en_US_2011_pub...