Embezzlement Loss
Amount stolen
Can You Write Off Embezzlement By an Employee?
Short answer: Embezzlement Loss — Bad Debt & Losses
Theft by employee (casualty loss if discovered in same year).
Records to keep: Keep receipts and document business use. Deductible if ordinary and necessary for your trade or business.
BW-B11-10229
low risk
Embezzlement Loss
Amount stolen
Multiple industries
Other Expenses
Bad Debt & Losses
Bad Debt & Write-Offs
Embezzlement Loss — Bad Debt & Losses
Applies to
- All Industries
BizWriteOffs provides educational information only and is not tax, legal, or accounting advice. Deductibility depends on your specific facts and records. Consult a qualified tax professional.
Business justification
Theft by employee (casualty loss if discovered in same year).
Category
- Bad Debt & Losses
- Bad Debt & Write-Offs
bad debt & losses
bad debt losses
embezzlement loss
bad debt & write offs
bad debt