Word: allowables
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...likely the IRS will just allow for the theft loss," said Tipograph. "It's not the best option for taxpayers but is a reasonable way to handle this." But if you don't file by April 15, you can lose out on filing for 2005, Tipograph said, since there's a rolling three-year time limit. One can, however, file a "protective refund claim" form, a kind of placeholder that keeps the 2005 return open...
...Goldstein, a senior consultant at Marks Paneth & Shron LLP in New York City, says he was assured by the IRS that "guidance would be forthcoming" - by April 15, one hopes. He suggests a simple approach for both the victims and the IRS. "If the [IRS] were to allow the victim to deduct his or her tax basis, less the SIPC recovery and less a small reserve for other recoveries, as a theft loss on the victim's 2008 tax return, the taxpayer could quantify the loss quickly and file for the appropriate refunds," Goldstein says. "The benefit...
Former Secretary of Labor Elaine Chao discussed possible career options with students last night at the Institute of Politics. The event was part of the IOP Internships Program’s effort to allow students to speak to people with careers in politics and public service. The Office of Career Services co-sponsored the event. “I don’t see a lot of immigrants in the public service sector,” said Y. John Mei ’12, pointing to the similarities between his own background and Chao?...
...Berkman Center for Internet and Society at Harvard Law School has launched a new Web site, Mediacloud.org, that will allow scholars and Internet users to monitor the flow of news and ideas online...
...Obeid, who last saw his son while the young man was down on his knees in the custody of police. The body of Obeid's son later turned up at the morgue. "We are not in a hurry, but it will come. There is no way we can allow the police to be killing youths anytime they want...