Complimentary for Members

July 9, 2025


Live Webcast


NYSED 1

Theft Losses Tech Session Webinar

Your client was scammed and withdrew over $500K from their retirement plan. Or your client lost $200K+ on a cryptocurrency scam. This Tech Session will discuss key points to consider whether or not your client may be able to claim a theft loss deduction.

July 9, 2025
Live Webcast
NYSED 1
  • View Bio

    Instructor

    Erik
    Olson

    View Bio

Learning Objectives

  • Upon completion of this course, you'll be able to:
  • Identify the key requirements for deducting theft losses under IRC Section 165, including the necessity of a completed transaction and proper documentation for scam victims.
  • Analyze how the timing of theft loss deductions is determined, addressing the distinction between discovery year and year of occurrence for different types of scams.
  • Evaluate common challenges scam victims face when claiming theft losses, including proving the criminal nature of the theft and overcoming the reasonable prospect of recovery hurdle.

Major Topics

- Review key factors addressing the deductibility of theft losses under IRC Code Section 165 for scam victims.

CPE Credits Available

NYSED 1
1
Taxation (NYSED) - NYSED

Things to Know About This Course

Course Level

  • Basic

Professional Area of Focus

  • Taxation (NYSED)

Prerequisites

None

Advanced Preparation

None

Intended Audience

Tax Practitioners

Provider

Foundation for Accounting Education

This event has ended.