ACPEN: Investment Scam Losses: How to Get Deductions

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