Investment Fraud Victims | Tax Attorney and Tax Resolution Services: IRS Help Blog

Posts Tagged ‘investment fraud victims’

California Will Not Allow Madoff Victims to Claim Tax Refunds for Income Paid on “Phantom Profits”

Monday, April 27th, 2009

I’ve blogged before about the investment fraud loss and deductibility rules outlined in Internal Revenue Code 165, and how the tax code can help victims of investment fraud recoup their losses. Now Madoff victims are hoping to get refunds on past state taxes paid on income from Madoff that they might never have received.
The Los Angeles Times reports that hundreds of Californians, many of them elderly and nearly broke, are
[Read More]

Tags: Bernard Madoff, Bernie Madoff, california tax refunds, investment fraud victims, los angeles times, Michael Rozbruch, ponzi scheme, safe harbor guidelines, tax expert, tax resolution, tax resolution services, theft loss deductions
Posted in Tax news and tips | No Comments »

What Safe Harbor Really Means for Ponzi Victims - IRS Estimates it will Refund Fraud Victims $17 Billion, But Not Without a Fight

Friday, March 20th, 2009

Under the NEW IRC Section 165 Safe Harbor Rules the IRS estimates it will refund victims of the Bernard Madoff’s massive ponzi scheme around $17 billion!!
The Safe Harbor provisions are crucial to obtaining relief for victims of investment stock fraud because it converts what would ordinarily be a capital loss (which is offset against capital gains and any unused capital loss is then limited to a deduction of only $3,000
[Read More]

Tags: Bernard Madoff, Bernie Madoff, capital loss, fraud loss, fraud loss deduction, investment fraud recovery, investment fraud representation, investment fraud victims, IRC 165, IRS audit, IRS audits, IRS problem solver, IRS safe harbor, IRS tax audit, Michael Rozbruch, ordinary loss, ponzi scheme, ponzi victims, tax attorney, tax audit, tax expert, tax help, tax relief, tax resolution, tax resolution expert, tax resolution services, tax settlement, Tax Tips
Posted in Tax news and tips, Working with the IRS | 3 Comments »

What Fraud Victims Need to Know About Claiming Theft Loss Deductions under Section 165: Be Prepared to be Audited

Friday, January 30th, 2009

I was recently asked to write an article for CPEthink.com, an organization dedicated to providing industry-leading online Continuing Professional Education (CPE) and Professional Development courses and exams for CPAs, licensed professionals, general practitioners, and individuals.
My article discussed how victims of investment fraud are turning to Uncle Sam for relief - but they should be ready to face increased IRS scrutiny. I’ve blogged before about how Section 165 of the IRS
[Read More]

Tags: audit representation, cpethink.com, fraud recovery, investment fraud, investment fraud recovery, investment fraud victims, IRS 165, Michael Rozbruch, seciont 165, tax expert, tax resolution expert, tax resolution services, Tax Tips, theft loss deduction
Posted in Tax news and tips | No Comments »

Posts Tagged ‘investment fraud victims’

California Will Not Allow Madoff Victims to Claim Tax Refunds for Income Paid on “Phantom Profits”

What Safe Harbor Really Means for Ponzi Victims - IRS Estimates it will Refund Fraud Victims $17 Billion, But Not Without a Fight

What Fraud Victims Need to Know About Claiming Theft Loss Deductions under Section 165: Be Prepared to be Audited

IRS PROBLEMS?

Subscribe To This Blog

Categories

Archives