Word: recoverable
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Dates: during 2000-2009
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The best interests of anyone suffering under the weight of the recession is to get some legislation passed that at least gives the economy a chance to recover with government spending and jobs programs. The programs may be the wrong programs, but that is not something that is going to...
In 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...
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...
A 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...
TIME: Some economists have said that Japan is yet to recover from the lost decade. What specifically are you going to do about reinvigorating domestic demand?