Lionsgate Launches Section 165 Service to Help Victims of Crypto Scams Claim Tax Relief
Lionsgate Intelligence Network has introduced a free service designed to help victims of cryptocurrency scams and investment fraud assess their eligibility for tax relief under IRS Section 165. The tool includes an online calculator that estimates potential deductions, along with evidence-gathering support tailored for CPA review. The initiative responds to the growing issue of financial crime, as global scam losses exceeded $1 trillion in 2024 according to the Global Anti-Scam Alliance (GASA). Eligible victims may deduct unrecoverable investment-related thefts from their taxes if they meet specific IRS criteria. The service aligns with recent guidance issued by the IRS on March 14, 2025. Lionsgate’s offering supports both individuals and CPAs in documenting losses through forensic analysis of transactions, communications, and recovery efforts. It aims to fill a gap left by limited law enforcement resources for individual victims.
Topics: crypto scams fraud investigation IRS guidance Section 165