Advertisement
YOU ARE HERE: LAT HomeCollectionsIncome

For The Record

March 19, 2009

Madoff tax relief: An article in Business on Wednesday about income tax reimbursements to swindler Bernard Madoff's clients said victims could claim tax deductions for losses of money invested with him over only the last five years. Taxpayers can claim deductions based on all of the money they lost investing with Madoff, according to the Internal Revenue Service. If that amount exceeds the investor's 2008 income, the losses can be applied against income dating back up to five years.

Advertisement
Los Angeles Times Articles
|
|
|