My thoughts on Pensco quarterly fees, is to remove all cash one might have
with them to another Trustee, such as Vanguard, for example, and not let
them remove another fee when you don't even know if you have any funds with
them. Just my thought here. :-) They want my quarterly fee, but I had no
money yet for April, May and June. So...........Sorry Pensco!! I intend to
have any funds that just might return to me to be placed elsewhere.\ if I
have any control over that.
On Mon, Jul 29, 2019 at 9:55 AM Robert Paladeni <rpaladeni@xxxxxxxxx> wrote:
I was told that prior to last week they were still doing business on St
James, but as off last week it looked as if nobody was their and phone
calls were no longer being answered or returned. I don't know if everyone
just happened to be on vacation.
On Sun, Jul 28, 2019 at 10:57 PM Ila Stanek <timeout29@xxxxxxxxxxx> wrote:
No guards visible from parking lot.
Sent from Ila's iPhone with a mind of its own.
On Jul 28, 2019, at 8:17 PM, Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
I wonder if they are still doing business on St John's Ave? If so I bet
they have armed guard(s) at door. ? :-) Just wondering. Not going over
there to check!
On Sun, Jul 28, 2019 at 8:08 PM Paty <pat.witt@xxxxxxxxx> wrote:
Thank Neil
What a bummer!
I hope Ross, Maureen and all of them get what they deserve.
😂😂😂😂😂😂
Sent from my iPhone
On Jul 28, 2019, at 6:04 PM, Neil & Marilyn <nmr1311b@xxxxxxxxx> wrote:
Hi Pat, What Ila had to say is it. Maybe talk with your CPA if you use
one. But with only a 3 year window to make amendments, that can be a
bummer. Keep in mind however, if you don't know, that means 3 years returns
before the return you file by 04/15 of any current filing deadline. So in
effect it can be 4 years. As in 4 years including next April 15 or any year
following. The longer it takes for resolution, the poorer we fair. Each
year drops another year for another amended return. I am thinking, don't
file next years return until you have to if a resolution is in sight? Not
sure if getting an extension helps. Maybe there's a CPA among us that
can offer good thoughts?
On Sun, Jul 28, 2019 at 5:48 PM Pat Witt <pat.witt@xxxxxxxxx> wrote:
ILA
Please let us know what you discover here!
Thank you,
Pat and Bob
Sent from my iPad
On Jul 28, 2019, at 5:01 PM, Ila Stanek <timeout29@xxxxxxxxxxx> wrote:
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
