Someone Made Off With My Money, Now What? Tax Issues Affecting Ponzi Scheme Victims
by Mark E. Wilensky, David Schectman, Lelia FusfeldPublished: Journal of Taxation of Investments, July 01, 2009
Mark E. Wilensky, for more than ten years, has worked on Federal, New York State, and New York City tax controversy and tax planning matters. He has worked as counsel settling Federal, New York State, and New York City tax audits during examination or pending trial. He has settled Federal audits involving tax shelters and conservation easements and New York State and City audits involving personal income tax, real estate transfer tax, sales tax, commercial rent tax, and unincorporated business tax. He advises clients on the Federal, New York State, and New York City tax consequences arising in connection with the purchase, sale, or exchange of property, typically commercial real estate, and counsels clients regarding the tax consequences of organizing, selling, or restructuring a trade or business. He is the author of several articles addressing the Federal tax consequences of Ponzi schemes and involuntary conversions (including disasters and condemnations).
Mark is currently Chair of the American Bar Association Tax Section's Sales, Exchanges & Basis Committee and is a frequent speaker at Tax Section meetings. He was awarded a 2011-2012 Nolan Fellowship by the American Bar Association Tax Section in honor of his leadership and outstanding contributions to the Tax Section.
He received a B.A. from The Johns Hopkins University, a J.D. from Columbia University, where he was a Harlan Fisk Stone Scholar, and an LL.M. in Taxation from New York University. He also received an M.A. from the University of Chicago Harris School of Public Policy.
