Sunday, November 15, 2009

GETTING PERSONAL: Madoff Investors Face Tax Deadline

NEW YORK (Dow Jones)--For many investors caught in the Bernard Madoff fraud, the ensuing tax woes just aren't going away.

While some investors are entitled to refunds of taxes they paid on money they never got, many still haven't seen a cent from the Internal Revenue Service. Others have not left the starting gate on claiming refunds.

The IRS has issued some refunds, but the "vast majority" of Madoff's victims have not gotten them yet, according to Ron Stein, founder of Madoff-help.com, and president of Good Harvest Financial Group in Huntington, N.Y., a fee-based financial planning and investment advisory firm.


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