Uninsured losses on property theft and fraud are tax deductible

Fraud by building contractors is a distressingly common occurrence. Hows this for a nightmare scenario: You agree to pay a contractor $400,000 to tear down part of your house and put in an addition. While the work is going on, you, your spouse, and five children stay with the wifes parents. The contractor tells you that the work is progressing according to schedule and you make multiple payments. http://feedproxy.google.com/~r/reindustrynews/~3/Ey_oKxz0z-U/ @ uwad.com