Madoff IRS To Allow victims of theft loss deduction for 2008
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Copyright 2009 Inc.All rights reserved Marketwatch.com
MarketWatch
17 March 2009 Tuesday 12:02 PM EST
LENGTH: 121 words
TITLE: IRS Madoff to allow victims to deduct theft losses for 2008
Signature: Wallace Witkowski
SAN FRANCISCO (MarketWatch) - The Internal Revenue Service to allow victims of Ponzi schemes flight deduct the losses in tax years 2008 and recover the taxes paid on income false, Senator Charles Schumer, D-NY , said Tuesday. Essentially, the measures are aimed at investors who have misappropriated the money over 50 billion by disgraced financier Bernard Madoff. Under the guidelines of the IRS, victims will be able to take a deduction equal to 95% of the amount they invested plus investment income, they believed they earn less any expected recovery of the from government or private insurance.
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LOAD-DATE: 18 March 2009
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MarketWatch
17 March 2009 Tuesday 12:02 PM EST
LENGTH: 121 words
TITLE: IRS Madoff to allow victims to deduct theft losses for 2008
Signature: Wallace Witkowski
SAN FRANCISCO (MarketWatch) - The Internal Revenue Service to allow victims of Ponzi schemes flight deduct the losses in tax years 2008 and recover the taxes paid on income false, Senator Charles Schumer, D-NY , said Tuesday. Essentially, the measures are aimed at investors who have misappropriated the money over 50 billion by disgraced financier Bernard Madoff. Under the guidelines of the IRS, victims will be able to take a deduction equal to 95% of the amount they invested plus investment income, they believed they earn less any expected recovery of the from government or private insurance.
Marketwatch.com © 1997-2002, All rights reserved. See details in http://custom.marketwatch.com/custom/docs/useragreement.asp.
LOAD-DATE: 18 March 2009
Copyright © 2009 LexisNexis, a division of Reed Elsevier Inc.. All rights reserved
Terms and Conditions Privacy Policy
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