The Proven Process
165 Services has developed a proven process to assist injured investors. As each case of investment theft is unique, a thorough exam of your circumstances is required in order to verify qualification. If found that you qualify, a combination of industry professionals and the 165 staff will work diligently with you and your tax professional in pursuing your accelerated tax deductions.
1 - Preliminary Qualification Consultation
At no cost or obligation to you, we will review your case with you and your CPA to determine if an accelerated tax deduction claim is possible or more importantly, financially beneficial to you.
2 - Analyze Your Claim
If upon initial analysis we determine your case qualifies and you and your CPA agree the tax benefits are worthwhile, you contract with us to prepare a Criteria Analysis, a detailed and personalized analysis of your specific situation and your expected tax benefits.
3 - Substantiate and File the Claim
If the findings in our Criteria Analysis confirm eligibility for a Section 165 deduction, 165 Services will substantiate the claim by completing a Theft Loss Report. This comprehensive analysis and documentation of the investment loss is typically 60-100 pages in scope and is available to the IRS if applicable. We also work closely with your CPA to finalize your filing and verify deductions have been applied correctly for optimal benefits. If you do not have an accounting professional, 165 Services can provide tax prep services at an additional cost.
4 - Tax Prep/Audit
Once the filing has taken place, 165 Services acts as representative for the client with the IRS and answers all questions that might arise. Substantiation is often called for and is included in our service. 165 works for the client throughout the approval process and warrantees its fee if found the claim is not ultimately approved. 165 Services reserves the right to represent the client/filing up to and including the appeals process, until such time it determines that additional pursuits of recovery are not worthy.