S-Corp - Theft Loss - Form 4864

[NGR]

Hi,

I have a client, who files an 1120S.  I was told in 2014 there was a theft of $100,000.  The client is asking if form 4864 can be filed even though this occurred 9 years ago.  No losses were claimed in 2014-2022.  Is there a statute of limitations on this?  High audit risk?  

Thanks,

Nick

[qbteachmt]

Someone stole cash? Insolvent bank? Ponzi scheme? Why the delay; was there a potential recovery that has proven impossible?

[NGR]

Hi

thanks for the reply. It was theft of cash and violation of a non compete. This occurred before I accepted the client. Client stated he forgot he could file. Legal action was not pursued beyond a police report which I have for my records. 
Thanks