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Is Your Client’s Scam Loss Deductible? Find Out Now!

The IRS has spoken! The latest IRS Chief Counsel Advice (CCA 202511015) clarifies when taxpayers can—and cannot—claim theft loss deductions under IRC § 165. Investment scams? Potentially deductible. Romance scams? No deduction allowed. As a tax pro, it's your job to classify losses correctly and maximize recovery options for your clients!

1 IRS CE/1 NASBA CPE*

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*Self-Study recording not available for NASBA CPE credit.
Price
Free
Language
English
Who can attend
Everyone
Dial-in available? (listen only)
Not available.
Agenda
  • Understand the new IRS guidance on theft loss deductions.
  • Identify which scams qualify under the “transaction entered into for profit” rule.
  • Learn why Ponzi scheme safe harbor rules don’t apply to most scams.
  • Discover how to assess recovery prospects before claiming deductions.

Hosted By Tax Practice Pro
  • Tax Practice Pro webinar platform hosts Scammed but Deductible? Chief Counsel Advice on Theft Losses from Scams
    Tax Practice Pro is a nationwide provider of live and webinar based Continuing Education. We help tax professionals grow. Learn more at TaxPracticePro.com
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    John Sheeley EA

    Founder
    Chester, New York based John Sheeley, EA began his career in the tax industry in 1987, passing the IRS special enrollment exam in 1995. His career includes 13 years as a multi-unit franchisee of a national tax firm and 5 years as a tax manager at...
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