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: New York Supreme Court Criminal Term Library

Deadline for Certain Taxpayers With Madoff/Other Ponzi Scheme Losses

By David Badertscher, PLL

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Source: Lexology, April 6, 2009.

May 15, 2009 deadline for certain taxpayers with Madoff/other Ponzi scheme losses
Seyfarth Shaw LLP
"Our March 19, 2009 Management Alert 'Some Tax Guidance (and Tax Relief) for Madoff (and other Ponzi Scheme) Victims' described the new guidance that the Internal Revenue Service (IRS) had issued for taxpayers who had invested (and lost) money in a Madoff or other Ponzi scheme investment, including Revenue Procedure 2009-20 which sets forth a safe harbor for such taxpayers to claim a theft loss deduction for such losses".

Full post as published by New York Supreme Court Criminal Term Library on April 06, 2009 (boomark / email).

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