Tax Law Articles

The list of articles below are all written by Richard S. Lehman - we are updating our website - and will have all articles in text format.

DOMESTIC TAXATION:

• Favorable Tax Consequences – Ponzi Schemes And The Clawback Most of us are familiar with the concept of the Ponzi Scheme. An investment built on phony profits that crashes and burns, financially devastating many. What is less familiar is the fact that an investor in a Ponzi Scheme cannot only lose all of their investment. Investors in Ponzi Schemes can also be forced to pay back additional moneys earned from the Ponzi Scheme years before it exploded. This is what is known as a clawback. Click here to read full article
• Ponzi Schemes and Theft Losses - What to do if there is NO Safe Harbor? There are many reasons a Taxpayer victim of a Ponzi Scheme will either not fit in the Safe Harbor or will be forced to waive valuable tax rights in the event they choose the Safe Harbor. Therefore it makes sense to study how to deal with the I.R.S. if you have a theft loss and you will not or cannot use the Safe Harbor. Click here to read full article
• The Tax Consequences of the “Claw Backs” In Madoff and Other Ponzi Schemes The headlines are now informing Madoff and other Ponzi Scheme victims about the most recent piece of bad news. That is the word “claw back”. In short, investors who received cash investment returns from a Ponzi Scheme in excess of the actual invested funds are being forced to pay that excess cash back. HOWEVER, THESE “CLAW BACK” PAYMENTS WILL BE TAX DEDUCTIBLE. Click here, read this article online

• Free 50-minute web seminar hosted by veteran South Florida TAX ATTORNEY, Richard S. Lehman. This web seminar is for victims and financial professionals. Learn how recovery through the “Tax Refund” is quick and reliable.

Richard S. Lehman will explain:

• How to best secure a tax refund from Ponzi Scheme losses
• How the government has made recovery easier
• What you need to know about theft losses
• How to plan and implement a taxpayer Ponzi Scheme tax loss for maximum benefits now, and in the future.

• ‘Ponzi Scheme” Reports http://www.PonziSchemeTaxLoss.com A series of reports focusing on the tax benefits available as a result of the Bernard Madoff fraud. These Reports are not intended to be and can not serve as legal advice to any reader. Each taxpayer has their own unique factual situation which is going to need to be reviewed by tax advisors and litigation counsel before any legal conclusions can be reached. The Reports are being made in a series form since there is still a great deal of facts to be uncovered in the Bernard Madoff fraud. These facts are going to be extremely important in coming to conclusions about tax positions.
  • Report No. 1: The Basics - Download as pdf
  • Report No. 2: A reasonable prospect of recovery - Download as pdf
  • Report No. 3: Is the Safe Harbor Worth it? - Download as pdf
  • “WEALTH & WISDOM” on PBS Station WXEL: Watch all segments A focus on taxation, litigation and The Bernie Maddoff Theft- Featuring prominent Palm Beach County attorneys Steven M. Katzman & Richard S. Lehman.

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