Elderly couple ripped off by daughter has to pay taxes on stolen $2 million
Congress eliminated the theft-loss deduction for defrauded taxpayers beginning in 2018. Tax attorneys want this protection restored.
Source: marketwatch.com
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TaxWatch: Elderly couple was swindled out of $2 million by daughter
A federal judge has blocked a more than $400,000 income tax refund claimed by elderly fraud victims, saying he regrets there’s nothing he can do by law but…
Source: biztoc.com
Taxpayers Are Liable For Taxes On $1.2 Million—Even If Their Daughter Stole It
A judge ruled that a Florida couple is liable for taxes on $1.2 million in retirement income, much of which was fraudulently taken from them by their own daughter.
Source: forbes.com