MF Global Causing Farmers Tax Problems

#PFGBest Customers

Are you a customer of PFGBest? The CCC is working with regulators and monitoring the court on behalf of PFG customers. At this stage, we are advising customers to gather their statements and prepare for a claims or account transfer process.

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"The Commodity Customer Coalition has asked Secretary of the Treasury Tim Geithner to direct the IRS to provide some guidance for MF Global customers on how to proceed concerning funds still frozen in the bankruptcy. Although nearly three-fourths of the money has been returned to customers, tax experts say that because there is the possibility the remainder may be returned, customers are unable to declare it as a loss."

Read more at Farm Futures: http://farmfutures.com/story.aspx/mf-global-causing-farmers-tax-problems-17/57498

#MFGlobal Customers

Are you a customer of MF Global? The CCC formally represents more than 200 clients in the bankruptcy process of MF Global on a pro bono basis, and informally represents thousands more in the public domain.

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About James Koutoulas 209 Articles
Co-Founder and lead attorney of the CCC, CEO of Typhon Capital Management and Typhon Securities.

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