Follow Newser on Twitter   Friend Newser on Facebook
Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Ponzi Victims Will Be Tax Nightmare for IRS

Service expects to refund $7-$10 billion in taxes paid on fake income

By Nick McMaster,  Newser Staff

Posted Mar 13, 2009 12:06 PM CDT

(Newser) – The work of fraudsters such as Bernie Madoff and R. Allen Stanford will complicate the IRS’ job as tens of the thousands of victims attempt to reclaim taxes paid on income that went up in smoke, Time reports. The IRS estimates that refunds due victims...   Read full story »

COMMENTS
You need to Log in to Newser to comment. Don't have an account yet? Sign up now!
There are no comments
A snapshot of the day's best news stories.
 

More Newser Stories

Trustee Sues Ruth Madoff for $44M

Madoff, Stanford Victims Can Get Break From IRS

Judge Orders 'Ashamed' Madoff to Jail on Guilty Plea

Wiesel: Put 'Psychopath' Madoff in Prison

IRS Notice Stuns Lawyer: 'You Owe Us a Penny'


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   BuzzFeed   |   Cracked   |   Timelines   |   Geek Sugar   |   Business Insider   |   HuffPost Entertainment