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
