Madoff's Foundation Victims Miss Out on Tax Break

 
Investment News
March 19, 2009

Judith G.H. Edington was quoted in "Madoff's Foundation Victims Miss Out on Tax Break" in the March 19, 2009 issue of Investment News. The article discusses the tax relief and refunds the IRS announced for investors who paid taxes on earnings from their investments with Bernard Madoff. However, private foundations, that generally do not file income tax returns, cannot benefit from the tax break.