SMAR
Level 1
05-14-2024
03:33 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
A wire transfer payment for services was intercepted, and the payment to vendor was "stolen" by the fraudster. The company then was charged and required to pay for the service as the original "payment" was never received.
This was not income for my client, it was an expense.