H.R.5058 - Ponzi Scheme Victims' Tax Relief Act of 2010

Sponsor: Rep. William Pascrell [D-NJ8]
Status: Introduced: April 15, 2010

Bill Summary:

Loss treatment of investment losses in fraudulent ponzi-type scheme

Extension of net operating loss carryback period

Hardship withdrawals

Catch-up contributions

Extension of limitation for credits and refunds for gifts and bequests of assets with qualified fraudulent investment losses.

Bill Status:

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