Printer Friendly VersionTask Force to Assist Investors in Madoff Fraud Case
MBAF forms Special Task Force of Tax Specialists
Members of the task force, comprised of a network of MBAF tax specialists, are working to assist clients and investors in the potential recovery of tax dollars related to the Bernard Madoff case.
These refunds may be as a result of dollars expended for erroneously reported income in prior years, or to receive a deduction for principal losses in the current year.
The formation of this special task force is a proactive move to quickly identify and immediately assist investors in reclaiming their losses from this Bernard Madoff fraud case.
Areas of focus include timing and ability to take principal losses as an ordinary deduction, filing of protective elections to maintain open tax years so that amended returns may be filed, and addressing carry back and carry over issues that affect prior and subsequent periods.
The task force plans to work with legal counsel that represent Bernard Madoff victims with potential Securities Investment Protection Corporation (SIPC) filings, assessment of damages and defense of distributed proceeds received in prior years that regulatory agencies may attempt to reclaim.
If you would like to contact our firm to discuss your particular matter, please call Marjorie A. Horwin, CPA, 561 909-2100 (Palm Beach and Broward), Miguel G. Farra, CPA, JD, or Tony Argiz, Managing Partner, 305 373-5500 (Miami-Dade) or for more information on MBAF, please visit. www.mbafcpa.com.
Please direct all Media Inquiries to:
Christine Barney, rbb Public Relations
Phone: (305) 448-7456
E-mail: christine.barney@rbbpr.com...
