A Californian convicted of wire fraud and money laundering is entitled to deduct more than $367,000 in legal expenses spent to defend himself from the charges because they were related to his business, even though his business was defrauding donors, the U.S. Tax Court said.
Fraudster Can Deduct $367K Legal Expenses, Tax Court Says
by usoftax_admin | Sep 17, 2024 | Tax News