Von Aldo

IRS Begins Mailing Refunds To Madoff Victims

Bet you didn’t know that there is a provision in the tax code that allows Ponzi victims to deduct (called the theft loss deduction) 95 percent of their net investment losses the year the theft is discovered. See AccountingWeb.com.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.