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.