Fraud Loss Income Tax Question

Fraud Loss Income Tax Question

Fraud Loss Income Tax Question

Can money loss due to fraud be taken off your income tax?

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Jan 20, 2024
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starstarstarstarstar 		Deductions For Losses Due To Fraud
by: BB

Yes, you may be able to claim a deduction for money lost due to fraud on your income tax return. To do so, you typically need to file a theft loss deduction using Form 4684. Consult with a tax professional to ensure you meet the specific criteria and requirements for claiming this deduction.

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Fraud Victim

by Anil
(Chandigarh, India)

Dear Sir, I own a house since 1995 and now someone has filed a return in my name and my address showing the house and now incometax department has issued a notice to pay the tax for it. What should I do? Please help

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Jan 20, 2015
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starstarstarstarstar 		Stop Them Please
by: Anonymous

Someone filed my taxes and I didn't give them permission.
Mar 24, 2012
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starstarstarstarstar 		Contact the IRS
by: Anonymous

Call the IRS. They will help. You have to file extra documents, then will need to contact the Federal Trade Commission so they can flag your Social Security number.

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