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Bernie Madoff NOL Rules Proposed by House

February 27th, 2009 · 1 Comment

Paul Caron reports that there are two pending bills in the House of Representatives that would extend the carryback period for investors who were bilked by Bernie Madoff.

The bills would extend the carryback periods from the current 3 years to 10 or 13 years. 

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Tags: Individual Taxation · Legislative Watch

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