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In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
In anticipation of the upcoming May 15th deadline, we've compiled a list of the most common questions here.
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- "Theft Loss" goes on Form 4684 on a Schedule C - what about 990?
"Theft Loss" goes on Form 4684 on a Schedule C - what about 990?
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gfpstaxes
Level 4
03-08-2023
11:06 AM
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A non-profit had cash stolen out of their safe. Do I account for this on a 4684 (like a Schedule C)?
And what about in their books? Should that be an expense account?
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jeffmcpa2010
Level 11
03-08-2023
11:20 AM
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It's a non-profit that does not pay tax.
I don't stress over it and just put it as an additional expense, no special forms or anything.
do it the simplest way possible and move on.
