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by toomanybeersies 1830 days ago
Expenses and losses related to 'kidnapping for ransom' are tax deductible [1], so it stands to reason that ransomware payments are also tax deductible.

[1] https://www.irs.gov/publications/p547#en_US_2020_publink1000...

1 comments

Strangely i haven't heard kidnappings with a payment in cryptocurrency.

That's order of magnitude easier than requesting paper money

it happens, plenty reports out there, random kidnappings just don't make high-profile news as much.