We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.

Search results

Order by: most recent most popular relevance

Results: 1-3 of 3

Repayment of embezzled funds is not a deductible business loss
  • Morrison & Foerster LLP
  • USA
  • January 3 2011

A New York State Administrative Law Judge has held that a taxpayer cannot claim trade or business losses for embezzled funds that she repaid, and could not receive the benefits of loss carryback provisions

Hollis L. Hyans
  • Morrison & Foerster LLP