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...third option, a "claim of rights credit," is most beneficial, he said. It allows victims to claim a credit on their 2008 tax return for all taxes paid on Ponzi income going back to the first investment year. The catch, according to Tipograph, is that "it's never been tested in regard to Ponzis." This option is typically used in insider-trading cases, when tax monies need to be returned. (See 25 people to blame for the financial crisis...
Saturday is sold out, but Friday you can still catch one of the last performances of the Lowell Opera Society's "Otello." (8:30 p.m.; Students $12, through Harvard Box Office...
...Catch the off-campus buzz after the jump... It's worth it if only for the picture...
Instead of being able to get out in front of problems like unemployment, foreclosures, and the faltering banking and insurance industries, the government is falling inexorably behind. The remaining question is whether there is any chance at all that it can catch up, even a little...
...People lined the streets of Accra: shopping for themselves, rushing to catch tro-tros, and selling curios to the obrunis (Westerners) studying or working in Ghana. As I maneuvered through the crowds, I noticed that I was being greeted with a familiar name: “Obama! Obama!” Yes—that Obama. My engagement in the U.S. presidential election was not lessened because I was in Ghana this summer, but it was actually heightened by the opportunity to view this watershed historical moment through a Ghanaian lens. Being an American in Ghana meant an inevitable association...