Investment Theft Losses

How to Maximize Tax Deductions Under IRC Section 165 (c)(2)

by Steven H. Adler CPC, CIMA (ret.)


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Softcover
$39.95
$29.95
Softcover
$29.95

Book Details

Language : English
Publication Date : 5/18/2009

Format : Softcover
Dimensions : 8.25x11
Page Count : 260
ISBN : 9781434359216

About the Book

Investment Fraud accounts for billions of dollars of losses each year from unsuspecting victims. In 1954, Congress enacted Section 165 of the Internal Revenue Code.  Its purpose was to give some relief to the victims of fraud. For many understandable reasons it was rarely utilized until about 8 years ago. This book is intended to be a practical way for tax professionals and taxpayers understand what is involved to claim the deduction. 


About the Author

Steven H. Adler career was as an actuary and investment analyst. Through an ironic set of circumstances in 2001 he encounted a section of the tax code that benefited victims of investment fraud. Since then  due to his work in the area over 1,500 victims have recovered over $55 million in tax benefits and a small industry has been created.  Mr. Adler consults with the Association for Fraud Recovery and Prevention, Inc. (AFRP) that is assisting victims and their tax preparers navigate through claiming the deduction. The material in this book is being used by CPE course providers for CPA, CPE credits. 

Since the Madoff Ponzi Scheme was exposed and shortly thereafter several other large Ponzi Schemes, interest in Section 165 (c)(2) has increased.  This is a very complex section of the IRS Code and requires specialized handling to satisfy IRS's requirements