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...last option is "mitigation," which requires the taxpayer to go back and reopen each year's tax filing, back to the year of the first investment. There are some technical requirements related to this option...

Author: /time Magazine | Title: Another Victim of the Ponzi Schemers: The IRS | 3/13/2009 | See Source »

...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...

Author: /time Magazine | Title: Another Victim of the Ponzi Schemers: The IRS | 3/13/2009 | See Source »

...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...

Author: /time Magazine | Title: Another Victim of the Ponzi Schemers: The IRS | 3/13/2009 | See Source »

...selling point, but the recently launched El-Word is heavily dominated by Ho-Co and its content can be insular.  Finally, while the new Inferno is no Quincy Grille, it does make up for weak Brain Breaks. We're still waiting for a Gchat ordering option...

Author: By Sarah B. Joselow | Title: The Housing Crisis: Eliot House | 3/13/2009 | See Source »

...offers a much more concrete and arbitrary delineation between aspects of her personality. No longer does she simply fluctuate between being naughty, sensual or pensive; alternative emotions are now the domain of someone else, another woman. Her alter ego: Sasha Fierce. Michelle Obama does not, debatably, have the option of creating an alter ego. Her distinctive physical appearance, especially in Washington, has the dangerous potential to overshadow her opinions and policies. And were Michelle Obama to have any problems with people thinking her dim-witted or incompetent, I might even agree with David Brooks. She does not, however, face such...

Author: By Ruben L. Davis, CRIMSON STAFF WRITER | Title: The Many Arms of America's First Lady | 3/12/2009 | See Source »

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