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Sunrise Tax Professionals
helps those defrauded recover their lost
investment through a special
income tax deduction known as
IRC Section 165(c)(2) which provides the
maximum tax recovery. This includes PONZI
schemes such as MADOFF .
Sunrise
explains the tax treatment of casualties, thefts,
and losses on deposits.
A casualty occurs when your property is damaged as a result of a
disaster such as a storm, fire, car accident, or similar event.
A theft occurs when someone steals your property.
A loss on deposits occurs when your financial institution becomes
insolvent or bankrupt.
Sunrise
will review
the following topics with you:
The deduction limits.
When and how to report a casualty or theft.
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