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1 .Mr. Grifter embezzles $150,000 from his employer. He gets caught . . . but only after having spent much of that money. Is Mr.
1 .Mr. Grifter embezzles $150,000 from his employer. He gets caught . . . but only after having spent much of that money. Is Mr. Grifter properly taxable on that $150,000 i.e., should it be included in his gross income for FIT purposes? Why or why not?
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