Wall Street Journal: Madoff Victimes Turn to IRS to Get Relief, by Jane J. Kim & Tom Herman:
Many investors burned by accused fraudster Bernard Madoff are hoping to get help from an unlikely white knight: the IRS. Since Mr. Madoff's arrest on Dec. 11 for running an alleged multibillion-dollar Ponzi scheme, a booming cottage industry of tax attorneys and accountants has sprung up to provide advice and counsel to his alleged victims. But a number of thorny questions remain, especially since the IRS has yet to provide any guidance — and the best advice for one investor may not be smart for someone else with significantly different circumstances.
Prior TaxProf Blog posts:
- Madoff Investors Face Mounting Tax Troubles (2/13/09)
- More Tax Planning for Madoff Victims (1/13/09)
- More on Tax Planning for Madoff Victims (12/30/08)
- Tax Law to Provide Bailout to Madoff's Victims (12/18/08)
