The object of this course is to teach professional advisors and victims of Ponzi scheme losses and Claw backs of Ponzi Scheme profits and principal on how to maximize their tax refunds form such losses and claw backs.
The topics covered will include:
Review of tax treatment and tax recoveries from direct Ponzi Scheme losses;
Review of tax treatment and tax recoveries from Clawbacks of Ponzi Scheme income and profits;
The maximization of tax loss from the Clawback of Ponzi Scheme principal;
How to maximize net operating losses;
The review of the Safe Harbor for Ponzi Scheme losses that expedites the refunds of tax losses;
Review of Internal Revenue Service Revenue rulings and Procedures that apply to Ponzi Scheme losses and Claw back losses;
Advice on how to maximize business theft losses;
The appropriate use of the tax mitigation section from income repaid under claim of right;
The appropriate use of loss carry forwards and loss carry backs as a result of Ponzi Scheme losses and Clawbacks;
Review of the limitations on the use of Ponzi Scheme losses.
Table of Contents
There is no CPE credit at this time.