iPhone Stolen? There’s a Deduction For That!

iPhone Stolen? There's a Deduction For That!
When I was really young, we moved from one self-proclaimed Promised Land to another (a.k.a. Texas to California). After taking a midway break at a cheap motel, I remember waking up, walking out to where the U-Haul had been parked the night before, and finding only an oil slick. It’d all been stolen. My Nintendo! Mario! ...

Theft Loss Tax Deduction

Theft Loss Tax Deduction
Most of the tax court cases I’ve posted about relate to people with either the common sense of a house gnat or  those simply trying to game the system. Today I stumbled upon a case where it’s the IRS that made the bone-headed move. Which surprised me, since the taxpayer was a lawyer and not ...