Adkins v. U.S.
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- Tourist to Quatloosia
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Adkins v. U.S.
Although theft losses have been repealed, the Federal Circuit clarified the Section 165 regulations relating to the year of loss for theft losses arising from Securities Fraud. Their ruling is that the year of loss is the first year in which there was no reasonable prospect of recovery. So a taxpayer who was scammed out of investments and goes to arbitration does not have to necessarily dismiss the arbitration to get the tax loss if it is clear that the arbitration is a hail Mary.
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- Judge for the District of Quatloosia
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Re: Adkins v. U.S.
Welcome to Quatloos, TaxTales ... could you do us a favor and cite the case #?
Thanks!
Thanks!
The Honorable Judge Roy Bean
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The Devil Makes Three
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- Admiral of the Quatloosian Seas
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Re: Adkins v. U.S.
Seems like http://www.cafc.uscourts.gov/sites/defa ... 2017.1.PDF. But there doesn't seem to be any activity on that docket since June 2017.