The ABA Tax Section offers a teleconference and webcast today on Tax Issues of the Madoff Scandal: Advising Victims of Investment Fraud from 1:00 – 2:30 p.m. EST:
Fraudulent schemes by supposedly reputable investment advisors have left their investor-victims trying to determine what to do. These victims need guidance on the tax and other implications of their failed investments. Many decisions need to be made quickly to protect victims’ rights and options. Our panel will discuss implications of these investment losses, including:
- How to handle phantom income reported in prior years
- Claiming a theft loss
- Trust and estate income tax issues
- Implications for traditional and Roth IRAs that suffer losses
- Bankruptcy procedures and “clawback rules”
- Estate tax issues
Speakers:
- Robert S. Keebler (Virchow, Krause & Company, Appleton, WI)
- Susan I. Montgomery (Law Offices of Susan I. Montgomery, Los Angeles, CA)
- David Shechtman (Drinker Biddle, Philadelphia, PA)
- Mark E. Wilensky (Roberts & Holland, New York, NY)
