Triva isn't available right now.
Check out the support page for our phone number and hours
Solutions
Law firms
Tax, audit & accounting firms
Success stories
-
A true competitive advantage
Law firm Zarwin Baum’s embrace of generative AI as the natural next step in the evolution of legal work and their adoption of CoCounsel Legal has helped them achieve remarkable efficiency gains and improved client relationships.
-
Workflow transformation drives impact
Brinks, a global leader in secure logistics and security solutions, used CoCounsel to reimagine what was possible with AI tools, turning legal challenges into a competitive advantage.
-
The forefront of audit tech
A better auditing workflow solution was the answer to multiple challenges faced by The Mercadien Group. Find out how they achieved greater efficiency by embracing Cloud Audit Suite.
Questions? We are here to help.
Products
Legal
Trade & supply
Tax, audit & accounting
- 1040SCAN
- Audit Intelligence Analyze
- CoCounsel Audit
- CoCounsel Tax
- Ready to Advise
- Ready to Review
- View all
Corporate tax
Recommended products
-
CoCounsel Legal
Transform your work with the only AI legal solution uniting research, drafting, and document analysis in a single experience. Designed by legal experts and built on trusted content and advanced AI, CoCounsel Legal accelerates multistep work so you can better serve your clients and grow your business.
-
CoCounsel Tax
Transform your tax practice with CoCounsel Tax, an AI-powered assistant that combines trustworthy answers, automation, and firm knowledge into one seamless platform. Enhance efficiency, reduce risk, and improve client confidence with CoCounsel Tax.
-
CLEAR Investigate
Intelligently surface critical connections and insights in actionable format through AI-driven research workflows seamlessly integrated with the trusted and transparent CLEAR platform. Accelerate investigations and empower your team to make strategic decisions with confidence.
Questions? We are here to help.
Purchase
Buy solutions
Resources
Insights
Events
Product training
Product communities
Developers
Highlights
-
2026 SKILLS showcase
Join weekly sessions to experience in-depth demonstrations of the leading legal AI products while connecting with strategic law firm leaders in knowledge management, innovation, and AI.
-
Ghosts on the ledger
Payroll fraud is a major compliance risk. Learn how payroll analytics and AI-powered tools can help exorcise phantom employees and employers.
-
Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Screen Ponzi - Revenue Procedure 2009-20 (1040)
Show all hidden content
Overview
Use this screen to enter information for Form 4684, page 3 (in lieu of Appendix A of Revenue Procedure 2009-20) to determine a theft loss deduction related to a fraudulent investment arrangement. The deductible theft loss amount on Form 4684, Section C, Part 1, line 51 will be reported on Form 4684, Section B, Part 1, line 28. The amount will also be reported as income-producing property on Form 4684, Part II, Summary of Gains and Losses.
The executed statement must be attached to Form 8453 for an electronically filed tax return.
General Information
Occurrence description
UltraTax CS uses the description entered in this field to identify the casualty or theft on Form 4684, Section B Business and Income Producing Property. This field is mandatory.
T, S, J
Use this field to identify the client to whom the statement belongs. If you leave this field blank, UltraTax CS defaults to the taxpayer.
Computation of Deduction
Casualty / Theft number
This field is not available for data entry. It displays the unique casualty or theft number that has been assigned to each separate unit of the Ponzi screen. This number does not transfer to the return.
Force holding period
Enter
1
for short-term or 2
for long-term. Entry in this field determines the holding period for the deductible theft loss amount reported on Form 4684, Part II, Summary of Gains and Losses. If you leave this field blank, UltraTax CS defaults to 2
for long-term.Initial investment
Enter the amount of the initial investment to be reported in Part II, Computation of deduction of the statement.
Subsequent investments
Enter the amount of subsequent investments, if any, to be reported in Part II, Computation of deduction of the statement.
Income reported in prior years
Enter the amount of income reported in prior years, if any, to be reported in Part II, Computation of deduction of the statement.
Withdrawals for all years
Enter the amount of withdrawals, if any, to be reported in Part II, Computation of deduction of the statement.
Does the taxpayer intend to pursue any third-party recovery?
Enter
1
if the taxpayer intends to pursue third-party recovery or 2
if the taxpayer does not intend to pursue third-party recovery. Entry in this field determines the percentage of qualified investment that is deductible in Part II, Line 6 of the statement. If 1
is selected for pursuing third-party recovery, the percentage of qualified investment is 75 percent. If 2
is selected for not pursuing third-party recovery, the percentage of qualified investment is 95 percent. If you leave this field blank, UltraTax CS defaults to 1
.Actual recovery of losses
Enter the amount of actual recovery of investment losses, if any, to be reported in Part II, Computation of deduction of the statement.
Potential insurance / SIPC recovery
Enter the amount of potential insurance or SIPC recovery, if any, to be reported in Part II, Computation of deduction of the statement.
Required Statements and Declarations
Name, Address, and Taxpayer identification number of responsible individual or entity
Enter the name, address, and taxpayer identification number (TIN) of the individual or entity that conducted the specified fraudulent arrangement.
Tax years and dates filed for returns that do not satisfy the conditions of Revenue Procedure 2009-20
Enter the tax years and dates filed for any previously filed returns or amended returns that did not satisfy the conditions of Revenue Procedure 2009-20. Information can be entered directly in the field or the statement attached to the field.