mour ~2001 edig ry! x Tartax year pegiig dual Icome O'S,Idivi 1 t0 Dec. 3] asu of the tre 1 040 PF actios structio I page 19-) e IRS For the-year Ja. L aiaiiat othe: e ad iith Your first am 8 5 @ Bi Helpig Recover Losses Due To Ivestmet Fraud (NAPSA)—There may be hopeful ews for ivestors who believe they have bee the victim of ivestmet fraud. A provisio i the federal tax code called Sectio 165 may offer potetial tax beefits. If your ivestmet loss qualifies as a theft loss uder Sectio 165, it may be possible for you to deduct the full amout of your loss immediately agaist ordiary eared icome, all i oe year. If your loss exceeds your taxable icome i that year, you are allowed to get a refud for previous taxes paid. A theft loss deductio, if appropriate, ca offer a umberof advatages: There is o limit to a theft loss deductio, ulike the $3,000per-year capital loss limit. I other words, it could take you 34 years to fully deduct a $100,000 loss as a capital loss. It may reduce or eve elimiate tax paymets. Depedig o your circumstaces, you may qualify for a tax refud. Accordig to the experts at a firm called JK Harris 165 Services, a ivestmet loss i which uethical behavior was ivolved or suspected may qualify a ivestor for relief uder the provisios of Sectio 165. Whe brokers or ivestmet salespeople fail to abide by accepted sales practices ad moey is lost, that loss may qualify as ivestmet theft. The sameis true whe a ivestmet was take with the itet to defraud you or deprive you of it or if the sales process was misleadig, usuitable, or violated ay laws. If there is o reasoable expectatio of ey rad ff, 4 a = A ivestmet lost due to fraud may qualify a ivestor for a umberof tax beefits. recoverig your loss, you may be able to receive substatial tax beefits through a Sectio 165 accelerated deductio. JK Harris 165 Services ca provide a free, oobligatio cosultatio with a tax professioal to help determie if you ca beefit from their service, icludig a estimatio of your potetial tax beefits. Similar beefits may be available to a ivestor who has ivested moey i a compay that has suddely disappeared—either goig out of busiess or goig bakrupt. A Sectio 165 deductio may be possible depedig o the specific circumstaces surroudig the bakruptcy. Described as a leader i assistig victims of ivestmet fraud recover some of their losses, JK Harris 165 Services is a affiliate of JK Harris ad Compay, the atio’s largest tax resolutio firm. JK Harris also offers tax resolutio services desiged to assist people i solvig tax problems. To lear more, visit the Web site at www. 165services.com.
