Screen Ponzi - Revenue Procedure 2009-20 (1120)

General Information

This field is mandatory.

Computation of Deduction

The information you enter in this field determines the percentage of qualified investment that is deductible. Enter
1
, or leave the field blank, if the taxpayer intends to pursue third-party recovery. The percentage of qualified investment is calculated at 75 percent. Enter 2 if the taxpayer does not intend to pursue third-party recovery, the percentage of qualified investment is calculated at 95 percent.
Enter the amount of income reported on tax returns for years prior to the discovery year.
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