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IRS Begins Mailing Refunds To Madoff Victims 2009-08-13 (2)IRS Begins Mailing Refunds To Madoff Victims 2009-08-13 (2)
August 13, 2009
1 Min Read
Bet you didn’t know that there is a provision in the tax code that allows Ponzi victims to deduct (called the theft loss deduction) 95 percent of their net investment losses the year the theft is discovered. See AccountingWeb.com.
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