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RE: How To Recover Ponzi Scheme Losses (BCC, USI) From The IRS Legally
Timely and quality piece, this should of easily made it to the trending page as I am sure quite a few people would find this information quite useful... On on flip side, well the tax filing is a complicated process there appears to be some benefits... Well folks like me who suffered losses don't have the headache of filing, I miss out on the silver lining big time
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It's a very difficult process to figure your deductions this way. I helped a business who had several years of NOL handle a carryback like this and it literally took us months to reconcile expenses doing a deep dive through boxes of receipts. You don't have that problem with crypto thanks to block explorers, but you are still looking at a lot of confusing IRS form work.