u/Every_Traffic4361

Internal Revenue Code §162(f)(2)

I have't filed my taxes for 2024 or 2025 yet because of restitution paid to a former employer. The thought of filing them makes me extremely anxious. I've always done my own taxes, but this is an issue that I have a few questions about.

From reading the actual tax code, it sounds as though since it was categorized as restitution that I could possibly use it as an expense on my taxes.

Can anybody help me? I need to know where this would be processed on my tax return so that I can finally get it out of the way and put behind me.

reddit.com
u/Every_Traffic4361 — 12 days ago

Internal Revenue Code §162(f)(2)

I have't filed my taxes for 2024 or 2025 yet because of restitution paid to a former employer. The thought of filing them makes me extremely anxious. I've always done my own taxes, but this is an issue that I have a few questions about.

From reading the actual tax code, it sounds as though since it was categorized as restitution that I could possibly use it as an expense on my taxes.

Can anybody help me? I need to know where this would be processed on my tax return so that I can finally get it out of the way and put behind me.

reddit.com
u/Every_Traffic4361 — 12 days ago
▲ 2 r/IRS

Internal Revenue Code §162(f)(2)

I have't filed my taxes for 2024 or 2025 yet because of restitution paid to a former employer. The thought of filing them makes me extremely anxious. I've always done my own taxes, but this is an issue that I have a few questions about.

From reading the actual tax code, it sounds as though since it was categorized as restitution that I could possibly use it as an expense on my taxes.

Can anybody help me? I need to know where this would be processed on my tax return so that I can finally get it out of the way and put behind me.

reddit.com
u/Every_Traffic4361 — 12 days ago