Word: nettings
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...addition, victims who are part of partnerships, or small businesses, will be able to go back 5 years to recover investments and phantom monies. Previously, it appeared victims could only go back three years. With this new ruling, a theft loss deduction that creates a net operating loss for the taxpayer can be carried back five years and forward 20 years to generate a refund of taxes paid in other taxable years...
Complicating matters a bit for victims, the IRS said that those who are suing Madoff will be able to recover 75% of their net operating loss, while those not suing will be able to recover 95%. This does not, however, include monies recovered through filing claims with the Securities Investor Protection Corp., which...
...hypothetical example might go like this: a Madoff victim with a balance of $1.5 million, but who withdrew $500,000 over the life of the account, would multiply the resulting $1 million by 95% (provided they are not suing Madoff) to yield their NOL, or a "net operating loss" of $950,000. The NOL would then be reduced further by whatever claims recovered from SIPC. If, for example, a victim were to receive from SIPC $200,000, that victim's net operating loss would be $750,000, which would be the number used on tax returns to go back five...
...Thus far, Cohen’s innate ability to find the net has been on display throughout the Crimson’s four games, with his latest antics coming on Friday in a rebound win against Hartford...
...opponent’s mistakes and being at the right spot at the right time,” Harvard coach John Tillman said. “Cohen has good instincts, and when he gets a chance to score he knows how to put it at the back of the net...