CPE Catalog & Events
Scam Loss Deductions Under IRC Section 165: Did Your Client Fall for the Preferred Fraud Under the Law?
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Webcast
2.0 Credits
• Foundations of Loss Deductions under IRC Section 165: General Rules and Limitations for Individuals (§165(a), §165(c))• Defining "Theft" for Tax Purposes and its broad interpretation for scams• Timing of Theft Loss Deduction: The Discovery Rule (§165(e)) and the "No Reasonable Prospect of Recovery" Standard• Calculating the Amount of Deductible Theft Loss• Profound Impact of the TCJA (§165(h)(5)) on suspending personal theft losses and the limited exceptions• In-depth Analysis of the Critical "Transaction Entered Into for Profit" Test (§165(c)(2)) post-TCJA• Navigating IRS Guidance: Key Insights from CCA 202511015 differentiating deductible investment scams from non-deductible personal scams (e.g., Romance, Kidnapping)• Understanding the Madoff Framework (Rev. Rul. 2009-9, Rev. Proc. 2009-20, Rev. Proc. 2011-58) for Ponzi Schemes, including the optional safe harbor and its limitations for newer scam types• Practical Considerations for CPAs: Determining the Discovery Year, Documenting No Reasonable Prospect of Recovery, Meeting Stringent Substantiation Requirements, and Proper Reporting on Form 4684
Tax Tuesday With Ed Zollars Webcast Series 2025-26
Multiple Events Between -
Up to 18.0 Credits
Arizona Tax Workshop Series 2025-26
Multiple Events Between -
Up to 21.0 Credits