Ponzi Scheme Losses
Revenue Ruling 2009-9 - Amount and timing of losses
Revenue Ruling 2009-9 provides guidance on determining the amount and timing of losses from these schemes, which is difficult and dependent on the prospect of recovering the lost money (which may not become known for several years). Go to IRS Website to access Ruling. http://www.irs.gov/uac/Help-for-Victims-of-Ponzi-Investment-Schemes
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