New guidance for Ponzi scheme victims -- 16-DEC-2011
After Form 4684 and its instructions were approved for print, the IRS issued Revenue Procedure 2011-58. This revenue procedure modifies certain definitions relating to qualified losses from Ponzi-type investment schemes. If you are deducting this type of loss, you should review this revenue procedure along with the other guidance listed on page 2 of the Form 4684 instructions under Losses From Ponzi-Type Investment Schemes.
Page Last Reviewed or Updated: 2012-08-04
