Posts Tagged ‘ponzi 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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Tags: Bernard Madoff, investment fraud, investment fraud recovery, investment fraud representation, IRS refunds, Madoff Victims, Michael Rozbruch, ponzi victims, tax attorney, tax break for madoff victims, theft loss deductions
Posted in IRS Tax Cases, Tax Resolution Options and Alternatives, Tax news and tips, Working with the IRS | 1 Comment »

Tax and Planning Implications for Madoff Ponzi Scheme Victims

Tuesday, March 24th, 2009

I recently blogged about the new IRS Safe Harbor guidelines for Ponzi scheme victims.
CCH has issued a white paper addressing the various tax and planning implications that arise as a result of investment in the Madoff Ponzi scheme or other fraudulent schemes. The paper, Madoff and Other Fraudulent Schemes: Tax and Planning Implications, analyzes the tax issues and bankruptcy implications arising from the schemes and provides an overview of related
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Tags: Bernie Madoff, investment fraud, investment fraud representation, IRS safe harbor, Michael Rozbruch, ponzi scheme, ponzi victims, tax attorney, tax expert, tax help, tax plaaning, tax relief, tax resolution, tax resolution expert, tax resolution services, Tax Tips
Posted in Tax news and tips | 3 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
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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 »