It’s hard to believe, but today we can use the words “IRS,” “Taxes,” and “PFG Best” in the same sentence – and the result is good news. You see, the IRS has decided that former PFG Best customers who lost money to Wasendorf’s fraud will be allowed to claim those as losses due to theft on their taxes. The Commodity Customer Coalition deserves huge thanks for pushing for this clarification from the IRS, and their site has the full breakdown of what this means for clients, and links to the relevant documents for tax filing purposes.

A smaller tax bill (or a bigger tax refund check) is no substitute for clients getting their money back, but it’s better than nothing, and we’re grateful to the CCC for all the work that they’ve done to help make this a reality.