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Lionsgate Intelligence Launched Fraud Loss Calculator

A new service helps victims organize tax documentation for potential Section 165 theft-loss deductions.

Updated on Sept. 30, 2026 in Taxes

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Lionsgate Intelligence Network released a new calculator tool to help scam victims organize transaction documentation for Section 165 tax loss claims. AI Illustration. Upload story photo >

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The Lionsgate Intelligence Network has released a free calculator and evidence service designed to assist victims of crypto scams and wire fraud. The tool helps taxpayers organize records to potentially qualify for tax relief under Section 165 of the Internal Revenue Code.

Why it matters

The service assists victims in documenting complex losses and provides CPAs with the necessary records to evaluate potential theft-loss tax deductions. This comes as taxpayers look for ways to recover from a landscape where scams caused over $1 trillion in losses in 2024.

In 2024, consumers lost more than $1 trillion to various scams. Eligible investment fraud losses may qualify for deductions under Section 165 of the Internal Revenue Code, provided taxpayers properly file Form 4684 by the October 15 extension deadline.

The players

Lionsgate Intelligence Network

This organization provides intelligence and forensic tools to assist victims of financial fraud.

Internal Revenue Service

The agency is responsible for the collection of taxes and the administration of the Internal Revenue Code in the United States.

The details

Users provide details on their specific scam, assets, and recovery efforts through a questionnaire to generate an organized file of transaction histories and forensic findings. This evidence is intended to assist tax professionals in assessing potential theft-loss tax deductions following the release of IRS Chief Counsel Memorandum 202511015.

Timeline

  1. Consumers lost more than $1 trillion to scams in 2024.

  2. IRS Chief Counsel Memorandum 202511015 was released on March 14, 2025.

  3. The CEO provided a statement regarding the services on September 22, 2026.

  4. October 15 is the deadline for taxpayers on extension to report theft loss on Form 4684.

Market Dynamics

This service bridges the gap between complex digital fraud forensics and the strict documentation requirements of Section 165 of the Internal Revenue Code. It follows a trend of private entities creating specialized tools to help consumers navigate increasingly complex tax filings in the wake of widespread financial cybercrime.

Taxpayers who were victims of fraud can now use this tool to compile a professional-grade documentation package for their CPA, potentially lowering their taxable income. This impact is contingent on meeting the October 15 tax extension deadline for filing Form 4684.

The takeaway

Victims of financial scams should maintain detailed records of all transactions and communications to support future tax claims. Consult with a qualified tax professional to determine if your specific situation meets the criteria for a theft-loss deduction.

Further reading

For more information on reporting financial losses, visit the Taxes section.

Source note: This article includes information reported by CPA Practice Advisor.

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Is now a good time to pursue tax deductions for investment fraud losses?