Word: claim
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...firm also has $48 billion in nonperforming loans that it either holds or has guaranteed against. In a painful stroke of irony, there is a $15.4 billion line item for deferred taxes on the asset side of Freddie's balance sheet. That means Freddie is still hoping to claim $15 billion in write-offs against future profits. But since Freddie continues to lose money and is now part of the government, the likelihood that it will have to pay taxes anytime soon is probably nil. Add up all those items, and it becomes apparent that the government will probably spend...
...elements of the IRS's guidance focus on investors being entitled to a theft loss deductible in the year the fraud is discovered, except to the extent there is a claim with a reasonable prospect of recovery...
...said Bob Goldstein, a senior tax consultant at Marks Paneth & Shron, New York. "It looks like an easy way for the IRS to handle this, but some things will be given up," Goldstein said. Those include, he says, the right to recovery by mitigation ("mitigating" or amending closed returns), claim of rights (a tax credit equal to taxes paid on Ponzi income to original investment), and amending returns based solely on phantom income (removing Ponzi or phantom income going back three years...
...time when electoral turnout and party membership have fallen to all-time lows in Britain, the Jury Team is a bid to engage a disillusioned electorate. Currently, less than 1% of Britons are active members of political parties, meaning that between them the parties claim fewer members than the Royal Society for the Protection of Birds. As Judge wrote in a recent editorial for The Guardian newspaper: "Our politicians have been pathetic at increasing democratic engagement, even with the power of the media at their fingertips." According to Jury Team advocates, that could be deliberate. "There's never been...
...Dead Sea Scrolls were the work of an ascetic and celibate Jewish community known as the Essenes, which flourished in the 1st century A.D. in the scorching desert canyons near the Dead Sea. Now a prominent Israeli scholar, Rachel Elior, disputes that the Essenes ever existed at all - a claim that has shaken the bedrock of biblical scholarship...