Accounting firm Eisner LLP has formed a Tax Recovery Assistance Task Force to help investors who have suffered losses as a result of Bernard Madoff's fraudulent investment scheme.
The team will focus on helping taxpayers recover previously made tax payments and obtain current tax deductions, as well as assist in reconstructing supporting historical tax and investment records.
Leading the team will be Robert Harrison and Christopher Loiacono, co-chairs of Eisner's tax advisory services group; Walter Pagano, partner-in-charge of Eisner's litigation consulting and forensic accounting group; and Timothy Speiss, partner-in-charge of Eisner's personal wealth advisors.
"The alleged Madoff fraud is unique in its impact," said Harrison (pictured) in a statement. "It's of a magnitude that has not been seen before. Therefore, it's critically important that we gather all the information we can and assess appropriate tax considerations for recovery, so that we can provide the most insightful advice for our clients as we move forward."
Another accounting firm, Marcum & Kliegman, announced earlier this month that it was also creating a Madoff task force (see Accounting Firm Forms Madoff Task Force).
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