Posts Tagged ‘Madoff Victims’

Madoff Victims Start Receiving IRS Checks for Repayment of Theft Loses; Some Ponzi Scheme Victims Denied Refunds

Thursday, August 6th, 2009

The Internal Revenue Service has begun sending out refund checks to victims of Bernie Madoff’s scheme who’ve taken advantage of a special IRS rule for Ponzi victims. The IRS is now repaying investors who’ve paid taxes on money they thought they made on investments with Madoff’s firm.
I’ve blogged about how Ponzi victims can get expert tax help for maximizing their tax benefits to help them regain their financial welfare. Taxpayers
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Posted in IRS Tax Cases, Tax Resolution Options and Alternatives, Tax news and tips, Working with the IRS | 1 Comment »

What Everyone on Madoff’s 162-Page Client List Should Know About Recovering Losses through Tax Deductions

Thursday, February 5th, 2009

Today Bernie Madoff’s client list was made public revealing even more high-profile individuals defrauded by the $50 billion Ponzi scheme. Among the names disclosed today are John Malkovich, Barbara Bach (Ringo Starr’s wife), Kevin Bacon and Dodgers great Sandy Koufax.
What these fraud victims need to know is that they can recoup 30-40% of their losses if they take advantage of Internal Revenue Code Section 165. So if you’ve paid taxes
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Posted in Tax news and tips | 4 Comments »