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Thursday, October 29, 2009

Tax Relief Nearer For Ponzi Victims

by taxnick on October 29, 2009

Prospects are brightening for a tax-law change to allow victims who invested indirectly in Ponzi schemes through advisers or feeder funds to get bigger tax refunds for their theft losses.
The change would allow victims of swindlers such as Bernard Madoff to carry back their theft losses for as long as five years instead of the [...]

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