Tax Refunds from Ponzi Scheme Losses

In this course attorneys will learn how to effectively deal with clients tax refunds from ponzi scheme losses. Clients need to be aware of their legal rights as taxpayers to use the tax losses to reduce their taxes. The main topics discussed include safe harbor & IRS procedure, the law & Internal Revenue Ruling, clawbacks, the safe harbor and tax planning. How the taxpayer will plan and implement his or her Ponzi scheme tax loss for maximum benefits now and in the future? Other issues presented and discussed by Mr. Lehman include ordinary loss income, theft loss, amended returns, the year of discovery, reasonable prospect of recovery, ascertainable standard, estate & trust deduction rules and tax planning. Over the past 38 years, Richard S. Lehman has established a sophisticated private practice focusing on tax law. His background, education, and experience has distinguished him in this complex field. A published author and noted speaker, Mr. Lehman has carved a reputation as a powerful client advocate. Mr. Lehman is a graduate of Georgetown Law School with a Master’s of tax law from New York University Law School and four years of government service as a senior attorney with the Chief Counsel’s Office of the Internal Revenue Service and as a law clerk on the U.S. Tax Court.