Unusual Tax Deductions? How About Blackmail?

There’s probably a nicer name for it, but blackmail is a term sometimes ascribed to legal settlements. That’s evidently what Media Matters’ David Brock called a $850,000 payoff to his former domestic partner. See Media Matters Boss Paid Former Partner $850k ‘Blackmail’ Settlement. What’s more, the payoff was allegedly to prevent his paramour from turning over damaging information involving donors and the IRS.

http://www.forbes.com/sites/robertwood/2012/03/07/unusual-tax-deductions-how-about-blackmail/

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