A married couple’s refund claims based on losses they sustained due to a fraudulent investment scheme were rejected. The taxpayers were not entitled to a theft-loss deduction in the year claimed because they were still pursuing their arbitration claim in that year. There was no dispute that the couple had suffered a substantial theft loss […]
The post On Remand, Couple’s Refund Claims Denied; Not Entitled to Theft Loss Deduction in Year Claimed (Adkins, FedCl) appeared first on Tax & Accounting Blog.