Celesq® Programs

Federal Income Tax Implications of "Ponzi"-Scheme Losses

Thomas Ward of McDermott Will & Emery LLP discusses the federal income tax issues for various types of investors (e.g., partnerships, private foundations, IRAs) that suffered losses in the Madoff fraud and other recent “ponzi” schemes. Join us for this timely and informative program as our presenter covers the general rules for claiming a theft loss under Code Section 165, with particular focus on the recent IRS analysis of this issue in Revenue Ruling 2009-9 and the optional safe harbor election offered in Revenue Procedure 2009-20.

Available in States

• Arizona
• California
• Colorado Eligible
• Florida
• Georgia
• Missouri
• New Jersey Eligible
• New York
• Texas Self Study

Program Categories

• California Participatory MCLE Programs
• Corporate and Commercial Law
• Corporate and Securities Law
• In-House Counsel
• New York Accredited
• Regulatory and Administrative Law
• Securities & Investing
• Taxation Law

PROGRAM CREDITS

• Areas of Professional Practice : 1 Credit
• 1 General CLE credit : 1 Credit