Word: april
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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...
...always the first go-to place for financial-fraud survivors trying to recoup lost money. But with the April 15 tax clock ticking, figuring out what to do about recovery, both from taxes and from the Securities Investor Protection Corp. (SPIC), has become a mind-boggling maze for accountants and their Ponzi-victim clients. At a hearing yesterday, Madoff pleaded guilty to his decades-long crime, was handcuffed and ordered to jail. Sentencing is scheduled for June, but he could potentially be sentenced to 150 years on 11 counts. (Read "The Madoff Hearing: A Guilty Plea, but No Catharsis...
...course, no one knows what the IRS will do, but Bob 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...
Former Crimson editorial columnist and Harvard Salient editor Ross G. Douthat ’02 will become a weekly Op-Ed columnist at The New York Times beginning in mid-April, replacing conservative writer William Kristol ’73. Douthat—a senior editor at The Atlantic who has already authored two books—will become the Times’ youngest columnist, writing online and blogging before appearing in print opposite liberal Paul Krugman. “We were looking for a conservative writer,” said New York Times editorial page editor Andrew Rosenthal...
...still a lack of information? Is it burnout and a sense of hopelessness? Is it denial? Is it recklessness? We don't fully understand." -Voicing frustration at the persistence of risky sexual practices in New York City's adult establishments. (New York Times, April...