Writing Off Vlasic Foods Stock
At what point can I write off some shares of stock as worthless? What kind of proof does the IRS need? Vlasic Foods published this in a press release in May...do you think it's good enough if I just...
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The company previously announced that its bankruptcy plan would provide for a distribution to unsecured creditors. However, as proceeds of asset sales are not sufficient to pay creditors in full, the...
View ArticleRe: Writing Off Vlasic Foods Stock
The tax court advises claiming the deduction in the first year that you believe the stock became worthless: then, if it later comes back to life, you can amend the return. But you have nothing to do...
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