cpahdr
Level 3
05-12-2025
01:49 PM
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Client lost over 500k in an investment scam to an entity in England. Obviously a ponzi shceme, howerve because entity is in England and the FBI was notified they could do nothing because the entity was in England. Thus no criminal investigation or conviction. Can I rely on rev proc 2009-20 under these circumstances and if not how do I report the theft loss on form 4684?
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