Spotlight Webinar _ Loss Deductions Registration Banner (2)

Navigate New Rules for Online Scams and Fraudulent Investments

Join Eric Lanning and Heather Posey on September 18th at 1 PM for a discussion on the recent IRS guidance concerning the deductibility of losses from online scams and fraudulent investments. They will provide a clear understanding of the new rules and their implications for taxpayers.

This session will cover:

  • The distinction between investment-related losses, such as those from "pig butchering" scams, and personal losses.
  • How the One Big Beautiful Bill affects loss deductions.
  • The IRS's analysis of different scam types, including phishing and compromised account schemes.
  • Areas not covered by the new guidance, such as calculating deduction amounts and handling partial recoveries.

Don't miss this opportunity to understand how to approach these complex situations.


About the Speakers

Heather

Heather Posey is an Associate and Enrolled Agent at Frost Law. She has over a decade of experience in tax compliance and controversy on the federal and state levels for individuals and small businesses. She has represented clients in a wide variety of cases, including collection enforcement defense, examination defense, Trust Fund Recovery Penalties, penalty abatements, and innocent spouse relief requests before various IRS units and state revenue agencies. Heather is an active volunteer with the Maryland Volunteer Lawyers Service (MVLS) Low-Income Taxpayer Clinic, and earned the "Young Volunteer of the Year" award in 2020.

Eric Lanning

Eric Lanning is Counsel at Frost Law with over twenty years of experience as a tax and estate planning attorney. He frequently advises business clients on how to navigate the tax issues that arise in the purchase or sale of a business and strives to provide solutions that will minimize the tax burden to the client. Eric has significant transactional experience and can assist clients with getting a business ready for sale through a reorganization or restructuring. Eric can also help the seller to structure an installment sale transaction to better manage the tax resulting from the sale of a business. While at Frost Law, Eric has developed broad knowledge in the area of the Employee Retention Credit, serving as an expert witness in multiple cases related to the Credit. Eric has also developed deep knowledge of online investment scams involving cryptocurrency, commodities, and other investment products, and frequently advises clients about the potential deductibility of scam losses.