The company I invested in went bankrupt
You were told it was a safe, risk-free investment, but the money you invested has now suddenly disappeared along with the company - gone out of business or went bankrupt.
Receiving this kind of notice instead of the guaranteed interest payments you were promised is not only disappointing but at times, devastating. But you may be able to recover some of your losses in the form of tax savings. A Section 165 deduction may be possible depending upon the specific circumstances surrounding the bankruptcy. We can provide a free, no obligation consultation with your tax professional to help determine if you can benefit from our service, including an estimation of your potential tax benefits.