Neil,
Check with your CPA, but mine has advised me that no relief can be sought from
IRS until the situation is settled. That does pose a problem because of the
three-years available for amending returns. I will be submitting a document
about the problem to both my CPA and the IRS.
Ila
Sent from Ila's iPhone with a mind of its own.
On Jul 28, 2019, at 1:34 PM, Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
That would be correct. With Pensco, I called them well before May 30 and they
requested I send them an explanation via email to a address they provided. I
did so and got a response that I assumed was sent to all with Pensco
associated with AEM. But maybe just to me? I received no billing in July as
would be normal. I was clear with them in my email that in fact I had no
money in any of the assets they listed.
I am thinking now that even though I received 1099's from them showing
interest received, it was mostly principle. They would not have known that.
AEM's 1099's were false, as their taxable "Interest" was mostly in fact
Principle. There all was mostly non taxable in reality. How to address with
the IRS? Anyone have thoughts. Can only go back 3 years with them usually in
any event. If we have to wait til there is some resolution, we may never
recover taxes paid on non interest.
On Sun, Jul 28, 2019 at 12:47 PM Glen Johnston <glen.johnston@xxxxxxxxxxxxx>
wrote:
Neil and Marilyn, I have two accounts, one of which is Qualified money, that
goes through IRA Services out of California. They have been notified of all
of this. I have been informed, that any disbursements must be paid to the
IRA company in trust for me. Otherwise, if there's a check made out to the
investor , taxes will be due on that money. I am planning of coming up with
some money to fight for us!
Thank you all for your information ! Judy Johnston
-----Original Message-----
From: Neil & Marilyn
Sent: Jul 28, 2019 11:24 AM
To: aem-vanc@xxxxxxxxxxxxx
Subject: [aem-vanc] Re: PENSCO
Pensco has stopped charging myself quarterly fee.
On Sun, Jul 28, 2019, 11:21 AM Robert Johnson <rdj11256@xxxxxxxxx> wrote:
Do any of you have IRA funds with PENSCO? If so, have you contacted them
and what was the outcome?
Sent from Rob's iPad Pro
