Theft, Criminal Investment Firms, and Ponzi Schemes are prevalent, and the IRS has very specific rules so you can maximize your deduction during this stressful time of losing your investment, due to no ill activity on your part. The IRS has a SAFE HARBOR way to report Ponzi Scheme losses so that you do not have to put traditional capital loss limits on your loss.
In our discussion you will discover:
· What a Ponzi Scheme is
· Delve into Discovery-Year filing
· Delve into future recovery reporting
· Delve into Documentation Requirements
· Other useful information to help you through this challenging time.
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