The Tax Impacts of Asset Forfeiture

Asset forfeiture is a common tool in the modern fight against crime, meant to deter and remove any economic benefits of wrongdoing. In fiscal year 2025, the United States disposed of nearly $2 billion in forfeited assets by sale, transfer of funds, and other mechanisms (US Department of Justice, “Assets Forfeiture Fund and Seized Asset […] The post The Tax Impacts of Asset Forfeiture appeared first on The CPA Journal.

This article is sourced from Abigail Burke, JD. Click below to read the complete article on their official website.