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|Rating(1-10)||Knowledgeability = 10||Clarity of Response = 10||Politeness = 10|
|Comment||I began to write a comment, but the screen disappeared, so I don't know if it was sent or not. So I will try to rewrite in case it wasn't. I understand that this is just a personal opinion,not tax advice. But the idea of selling all securities in the account & reinvesting in MM (or other securities) temporarily -- well, it's kind of funny. However, noone else seems to know what to do in this situation, either. I thought a tax preparer might have encountered the situation before, but it looks like few have. I do thank you very much for attempting an answer. Two others I asked just said they had no answer. (Not that I would have wanted them to bother answering if they had nothing to tell me.) P.S. UBS once sent my mother 1099s with HERSELF listed as Payer!! I mean, we're talking a major financial institution here, making a mistake you'd expect from a grade schooler pasting up a prop for a school play! I can't imagine what 'services' they give you, services presumably unique to them, that you love. Anyway, thanks again. Happy New Year to you, too.|
Answers by Expert:
Tax and general business including hospitality related (hotel mgmt degree and experience in industry prior to obtaining ms tax and cpa).
19 years cpa. ms tax.
NOTE: My discussions are only a general information and do not constitute tax advise without entering into a specific agreement and executing an engagement letter; This free chat is nothing more than general information and should not be construed as tax advice nor does my response or replies imply an agreement to provide client specific advice or other guidance for purposes of avoiding IRS tax or penalties and should not be relied upon without your own validation and confirmation of the how the discussion may fit your facts... Not having all the facts and/or not having a direct client relationship prevents me from providing the most accurate replies as possible and I highly suggest using a local CPA to provide you with written advice and guidance. Taking matters into your own hands is much akin to trying to land an airplane without a license. It is easy to FLY a plane, but LANDING is when critical experience is key.
In short, caveat emptor; do your homework and don't just rely on free chat board advice anywhere, anytime.
AICPA, CSCPA (Ct society), National Tax,
MS tax and other post graduate coursework
Awards and Honors
variety including Summa Cum Laude
I don't disclose or kiss and tell