Statement From Irving H. Picard, the Court-appointed Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC
February 05 2009 - 3:06PM
PR Newswire (US)
NEW YORK, Feb. 5 /PRNewswire/ -- Irving H. Picard, the
Court-appointed trustee for the liquidation of Bernard L. Madoff
Investment Securities LLC ("BLMIS"), today announced that he will
not issue IRS Forms 1099-B or 1099 Substitute to customers of BLMIS
for the tax year 2008. Because there are questions about the
accuracy of the BLMIS financial records and the Trustee's experts
and staff has been unable to assure the Trustee of the complete
accuracy of those records, the Trustee is not in a position to
prepare and furnish information on interest, dividends or
securities transactions for the accounts of BLMIS customers for the
2008 tax year. Customers are urged to contact their own tax
advisors for further assistance regarding this and other tax
questions arising in connection with the BLMIS matter. DATASOURCE:
Irving H. Picard of Baker Hostetler LLP CONTACT: Kevin McCue of
Baker Hostetler, +1-216-861-7576
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