Legal Question in Tax Law in California

If convited of Grand Theft through Embezzlement, sentenced to 5yrs probation, paid full $ amount plus restitution and was granted having your record exsponged. . . Can the IRS make you pay back taxes on that money, since it was all paid back and the Franchise Tax Board release you of any penelties?


Asked on 9/07/10, 11:10 pm

1 Answer from Attorneys
Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

My best guess is that money gained through embezzlement is taxable income, and criminal court restitution isn't tax-deductible. But I'm not a tax specialist.

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Answered on 9/12/10, 11:19 pm


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