Investment Scam Losses: How to Get Deductions
1.00 Credits
Member Price $39
Non-Member Price $59
Overview
This program addresses the many issues impacting investment scams. The unique challenges facing practitioners in finding deductions for the horrendous losses many clients experience due to these scams are related to actual practice situations – and then analyzed for their deduction implications. The situations are based on real life experiences of practitioner clients.
Highlights
- Categorization of various scams
- The keys to deductibility
- Review of the client's required actions to allow deductibility
- Disclosures and forms reporting required for deductibility
- “Tales from the Front” – practice issues CPAs are dealing with in these extraordinary situations
Prerequisites
None
Designed For
CPAs in public practices and members in industry
Objectives
- Identify key components of the deductibility of investment scams perpetrated on vulnerable clients
- Apply action steps for deductibility allowance
- Identify planning strategies and potential pitfalls
Preparation
None
Leader(s):
Leader Bios
Steven Dilley, Federal Tax Workshops
Steven C. Dilley, CPA, JD, PhD, is president of Federal Tax Workshops, Inc., located in East Lansing, Michigan. He is nationally known for his knowledge of the financial, accounting and tax problems of the closely held business and individual taxpayers. He has published numerous articles on these topics. In addition, Steve is a professor of accounting at Michigan State University, where he teaches tax accounting and has recently received two teaching awards. He is a member of the Michigan Association of CPAs, Wisconsin Bar Association, the American Accounting Association, AICPA, American Tax Association and Hawaii Association of Public Accountants.
Non-Member Price $59
Member Price $39