Ponzi Scheme Tax Loss Updated

This presentation includes “2017 Trump Tax Cut & Jobs Act” updates for ponzi scheme victims.

Richard S. Lehman, Veteran South Florida Tax Attorney will explain:

  1. How to best secure a tax refund from Ponzi Scheme losses
  2. How the government has made recovery easier
  3. What you need to know about theft losses
  4. How to plan and implement a taxpayer Ponzi Scheme tax loss for maximum benefits now, and in the future.

Topics discussed in this seminar include: Updates from the new Trump tax bill. Ponzi schemes and theft loss, understanding the safe harbor, the theft loss,  amount of the theft loss deduction, phantom income, the year of discovery, amount of theft loss in the year of discovery, reasonable prospect of recovery, ascertainable standard, tax planning for maximum use of loss, quantifying the amount of the theft loss, the amended return, estates and trusts, comparing safe harbor vs the law, tax planning.


Ponzi Scheme Tax Loss Resources & Archives

IRS Revenue Ruling (The Law): download as pdf

IRS Revenue Procedure (The Safe Harbor): download as pdf

ARTICLE: Has the Trump 2017 Tax Cut and Jobs Act made business theft loss deductions and losses less valuable? Read full article online

TAX MANAGEMENT BNA Real Estate Journal Vol 27, No2, Feb 2011 download as pdf

REPORT NO.1: Bernard Madoff Tax Loss – Introduction download pdf

REPORT NO.2: A Reasonable Prospect of Recovery download pdf

REPORT NO.3: Is the Safe Harbor Worth it? download pdf

Favorable Tax Consequences Related to Ponzi Schemes and the Clawback September, 2011 Read full article or download pdf

In October 2012 the Internal Revenue Service ruling started allowing clawback victims of Ponzi schemes to maximize their tax refunds and deduct their losses in years that would otherwise be closed by the Statute of Limitations. This is in the event the deductions are more valuable in the earlier years for purposes of tax refunds. With the new Trump 2017 Tax Cut & Jobs Act – this should be carefully studied.

Report to Congress: The U.S. Government Accountability Office (GAO) Report on Customer Outcomes in the Madoff Liquidation Proceeding.


CLE CREDIT NOTE: The Florida Bar requires the full presentation is viewed and this survey is completed, before credits can be provided. Thank you.