The article Tax Losses Related to the Russia-Ukraine Waris featured on LexisNexis Practical Guidance. Authored by Andersen Managing Directors Ellen MacNeil, Mary Duffy and Sid Luckenbach along with Senior Manager Deanne Morton, the article details how a business can determine if a casualty loss sustained as a result of the Russia-Ukraine War qualifies for a deduction on its U.S. federal tax return. LexisNexis is including the article as part of its Ukraine Invasion Resource Kit, which provides an overview of practical guidance related to business and legal issues raised following Russia's invasion of Ukraine.
Ellen MacNeil is the Managing Director of US National Tax for Andersen and is a member of the Board of Directors of Andersen Global.She has over 30 years of experience in tax consulting formajor U.S. businesses. Prior to joining Andersen she was a Partner with Deloitte and with Arthur Andersen in their national tax practices.
Mary Duffy is a Managing Director in Andersen's US National Tax office and is the co-leader of Andersen's accounting methods team. Mary also advises clients on tax policy and legislative matters and is a frequent speaker for Tax Executive Institute, BNA seminars, Andersen's Family Office Roundtables and other events.
Sid Luckenbach is the current national Client Group Leader for the Valuation Services practice at Andersen. He has been actively involved in valuation for over 20 years, serving clients ranging from small closely held businesses to large multinationals. He has participated in a wide variety of valuation engagements for tax planning and compliance, financial statement reporting, litigation and stockholder disputes, strategic planning, restructuring and bankruptcy.
Deanne Morton is a Senior Manager in the Andersen US National Tax(USNT) office. She has over 15 years of experience in federal taxation and is a member of the Practice and Procedure, Transfer Pricing, Credits and Incentives, and Knowledge Management specialty teams. Her expertise ranges the full lifecycle of taxation from planning and reporting through controversy and dispute resolution. Deanne consults on business and individual client matters and plays an integral role in thought leadership and content creation for USNT and the firm at large.
April 12, 2022
LexisNexis