Ron Earp
Admin
To make a long story or inquiry short, are there any US tax folks on the forum who might offer some insight as to any tax deductions that can be taken on such a loss?
Clearly there are a lot of us who lost money in the Roaring Forties fiasco of 2006 and I'm interested to learn if there are any claims that can be made. I'm not sure how the government would look at this sort of thing - basically consumers bought a product from a company, via US agents, and the company went bankrupt taking all the deposits and payments with it. Not sure if it is "claimable" but I'm interested to hear some informed opinions. After all, tax time is looming......
Still a shame. Over $500,000 USD went missing between the US and UK and not a cent returned as far as I know, and the cars/chassis are nowhere to be found that I've heard of (recently that is).
Ron
Clearly there are a lot of us who lost money in the Roaring Forties fiasco of 2006 and I'm interested to learn if there are any claims that can be made. I'm not sure how the government would look at this sort of thing - basically consumers bought a product from a company, via US agents, and the company went bankrupt taking all the deposits and payments with it. Not sure if it is "claimable" but I'm interested to hear some informed opinions. After all, tax time is looming......
Still a shame. Over $500,000 USD went missing between the US and UK and not a cent returned as far as I know, and the cars/chassis are nowhere to be found that I've heard of (recently that is).
Ron