@Anonymous_ wrote:
@Opus 17 wrote:
.......If it is theft.....
Theft is the unlawful taking of property or money from another with the intent to permanently deprive the owner of that property.
This is not theft since @kklein2092 voluntarily paid the firm for services to be rendered. In order for it to be theft, the initial taking had to be unlawful with the intent to provide no services at the outset; that does not appear to be the case.
Agreed. However, @kklein2092 used the term "scam", and we don't know the history of the company, whether they have been the subject of lawsuits or prosecutions, etc.
If it is not theft, then the non-business bad debt deduction probably applies.
