Here’s another nasty embezzlement story that gets worse because of the tax code.

Before getting to the story, do this: make sure you protect yourself from embezzlement.

Now to the story.

For many years, Jim Smith embezzled money from his employer. He finally got caught and eventually died in jail.1

Before he died, Smith sent what was left of the embezzled money to the IRS as an estimated tax payment.

Hill Corporation, the victim (Smith’s employer), asked the IRS to return the stolen ... Log in to view full article.