Estate Allowed Theft Deduciton for Estate Tax Purposes for Theft of Asset Held By LLC 99% Owned by the Estate
An estate that owned a 99% interest in an LLC whose only asset was an account with Madoff Securities looked to claim a theft loss deduction on its estate tax return in the case of Estate of Heller v. Commissioner, 147 TC No. 11.
Image Copyright alexskopje / 123RF Stock Photo
Read More