Cybercrime is a relatively new type of fraud that results in large losses of
intangible properties rather than the tangible losses realized from more
traditional types of fraud. As a result, United States Tax Court Attorneys, U.S. Tax Court Practitioners, IRS Revenue Agents, agents of the U.S. Justice Department and others responsible for cybercrime investigations must use a different
perspective when valuing the losses from cybercrimes when preparing to litigate or prosecute tax cases.
At a minimum, cybercrime loss valuations must include the company's
diminished prospects for future earnings.
This tutorial reviews reasons for preparing cybercrime loss valuations, factors
shown as remediable activities and loss classifications, types of tangible and
intangible losses that figure in cybercrime valuations, and the intricacies of
insurance against cybercrime as well as the implications for tax deficiencies and underreporting leading to tax fraud and evasion.
Fee: $250 - includes 60-minute digital and telephonic tutorial
