Business email scam (wire fraud)
Varies
Can You Write Off Business Email Scam?
Short answer: Yes: funds wired to a scammer posing as a vendor are deductible business theft losses.
Business theft and fraud losses are deductible in the year discovered, reduced by any insurance or reimbursement you expect to recover.
Records to keep: Keep receipts or invoices, proof of payment, and a note of the business purpose for each expense.
BW-B23-00673
low risk
Business email scam (wire fraud)
Varies
General Business
Other Expenses
Tax Write-Off Rules
Yes: funds wired to a scammer posing as a vendor are deductible business theft losses.
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
Yes: funds wired to a scammer posing as a vendor are deductible business theft losses. Business theft and fraud losses are deductible in the year discovered, reduced by any insurance or reimbursement you expect to recover.
Category
- Tax Write-Off Rules
tax rule
search demand 2026 b23
losses records
theft fraud