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Craig M. Johnson's posts related to Finance

NEWSDAY: State weighs tax relief for Ponzi scheme losses

Posted by Craig M. Johnson on Tuesday, May 19th, 2009

BY KEIKO MORRIS

keiko.morris@newsday.com

10:06 PM EDT, May 19, 2009 

The state will soon offer some relief for investors who lost money in Ponzi schemes by adopting tax policies similar to those issued by the Internal Revenue Service in March.

The state's Department of Taxation and Finance is still developing the new guidelines, but the agency is expecting to publish them in a few weeks, a spokesman said.

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