It's Not Your Fault SBF, FTX and Alameda 'Research' Stole Your Money

By Richard S. Lehman, Esq.
Sam Bankman Fried Fraud

Richard S. Lehman, J.D./LL.M, United States Tax Attorney

With nearly 55 years as a tax lawyer in Florida, Lehman has built a tax law firm with a national reputation for being able to handle the toughest tax cases, structure the most sophisticated income tax and estate tax plans, and defend clients before the IRS.

  • Graduate of Georgetown Law J.D. – Georgetown University
  • Masters in Tax Law from New York University Law School
  • Law Clerk to the Honorable William M. Fay – U.S. Tax Court in Washington D.C.
  • Senior Attorney, Interpretive Division, Chief Counsel’s office, The Internal Revenue Service (IRS)

Mr. Lehman has had extensive experience with all areas of the Internal Revenue code that apply to American taxpayers and non-resident aliens and foreign corporations investing or conducting business in the United States, as well as U.S. citizens and domestic corporations investing abroad. > View Full Attorney Profile.

Richard S. Lehman, U.S. Tax Attorney
Phone: 561-368-1113

www.LehmanTaxLaw.com
Located in the Dorot & Bensimon P.L. Domestic & International Tax Law Office
2000 Glades Road, Suite 312, Boca Raton, FL.  33431

Value Can Be Lost Without Good Professional Advice

Location: Lehman Tax Law

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The Ponzi Clawback And The Value Of The Mitigation Procedure

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The Clawback Is A Companion To The Ponzi Scheme Deal

By Richard S. Lehman, Esq.
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 The Clawback The clawback is a companion to the ponzi scheme deal. It is well thought out and brings more fairness to those who have lost money. To the extent there are individuals who have made money from the scheme those profits are to be returned to the appointment trustee for distribution to the losing party. When this clawback occurs, generally the income clawed back from the taxpayer will be deductible by the taxpayer in the year it is paid. However, often the deduction in the year the clawback is paid may occur at a much lower tax bracket than the tax bracket that was applicable to the income when it was included in income. To provide for tax equity under specific circumstances, the Internal Revenue Code permits a taxpayer who includes an item in gross income in one tax year and pays tax on that item, and who is compelled to return the item in a subsequent year, to calculate the deduction on the amount that is returned in a unique way. This is known as the ‘‘mitigation’’ se...
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