Tax Ramifications for Scam Victims - 0.2 Nano CPE

inancial Scams Don’t Just Steal Money — They Trigger Serious Tax Consequences. Modern scams—investment frauds, impersonation schemes, AI voice-cloning extortion, and other rapidly evolving fraud tactics—are exploding in frequency and sophistication. For victims, the financial loss is devastating. But for tax professionals, the real emergency comes next: determining whether the loss is deductible, navigating retirement distribution rules, and helping clients avoid irreversible tax fallout. This course gives you the clarity and framework you need to evaluate scam-related losses, identify when IRC §165(c)(2) applies, and mitigate the tax damage caused by fraudulent withdrawals. Learning Objective Identify when scam-related losses are deductible and understand the tax impact of scam-induced retirement withdrawals. Course Description This 13-minute nano-learning course explains how the IRS treats losses from modern financial scams and when those losses may qualify as deductible under IRC §1