In this Report #2, we dive deeper into the phrase “reasonable prospect of recovery” and its importance in determining the timing of theft loss deductions. Learn about the origin of this phrase and how it affects the real economics of …
The Top Three Factors to Consider When Claiming a Theft Loss Deduction Read more »
The FTX fraud was a Ponzi scheme and losses from Ponzi schemes are acknowledged by the I.R.S to be “theft losses”. They are deductible from a taxpayer’s ordinary income. The theft loss tax deduction is an extremely valuable tax deduction …
For Those Who Lost Money: Everyone that paid taxes on nonexistent profits will recoup those taxes from the I.R.S. Reports 1-3 below will explain in detail. Report No. 1: FTX and Sam Bankman-Fried Fraud The following is Report No. 1 …
BOCA RATON, FL – Investors still stinging from the high-profile collapse of cryptocurrency trading giant FTX may be able to get back some of their tax dollars paid on lost investments. FTX, which made crypto trading accessible to everyday investors …
FTX Crypto Fraud Victims Could Qualify For Tax Refunds Read more »
By Richard S. Lehman, download this article as a pdf here. Download IRS Revenue Ruling 2009-9 Download IRS Revenue Procedure 2009-20 In 2009, two important documents were issued by the IRS regarding the taxation of Ponzi schemes. In the Rev. Rul. 2009-9, …
The Revenue Ruling 2009-9 and IRS Safe Harbor (Revenue Procedure 2009-20) Read more »
REPORT No. 2: FTX and Sam Bankman-Fried Fraud By Richard S. Lehman, United States tax Attorney Introduction Report No. 1 introduced the reader to a key phrase. The phrase is a reasonable prospect of recovery. This phrase determines whether a …
REPORT 2 in the FTX, Sam Bankman-Fried, Alameda Research, Fraud Read more »
The following is Report No. 1 in what is intended to be a series of reports focusing on the tax benefits available as a result of the FTX fraud. These Reports are not intended to be and can not serve as legal …
After careful consideration, I have recently become Of Counsel with the prestigious South Florida law firm of Dorot & Bensimon PL. Through this of-counsel relationship you will have direct access to the finest legal talent in the area. With offices …
Enhanced Legal Opportunities For Sophisticated Tax Cases Read more »
By Richard S. Lehman, Esq. Presented here is an article describing the U.S. Tax Treaty provisions that permit nonresident aliens to stay longer in the U.S. than is typically allowed and generally limited to at most 182 days. The relevant …
United States Tax Treaties, The Closer Connection Exception & Tiebreakers Read more »
Mr Lehman represents numerous Americans working and investing outside the United States taking full advantage of another unique set of tax laws. Americans investing and working outside of the United States may benefit from excluding certain income earned outside of the …
Richard S. Lehman And His Specialty Areas of Tax Law Read more »