Search found 2040 matches

by neurosphere
Wed Nov 30, 2016 8:46 pm
Forum: Personal Consumer Issues
Topic: another New York rental question
Replies: 31
Views: 1611

Re: another New York rental question

upper east side has a lot of "good" options for $2000. Of course "good" is relative.

The commute to Tribeca is 35 to 45 minutes on public transportation.
by neurosphere
Wed Nov 30, 2016 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Disturbing Conversation With Medicare Agent re Forfeiture of Future Social Security Retirement Benefits
Replies: 24
Views: 3272

Re: Disturbing Conversation With Medicare Agent re Forfeiture of Future Social Security Retirement Benefits

But, this is actually a valuable benefit for me. I may work parttime for the next few years, and I can contribute and deduct $7,500/year to the HSA. This can grow for quite a while, until we decide to spend it on health care. So, while withdrawing from Part A (and contributing to the HSA) is not a ...
by neurosphere
Wed Nov 30, 2016 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Investment suggestions for after-tax 401k monies while waiting rollover to Roth (i.e. Mega Backdoor Roth)
Replies: 11
Views: 632

Re: Investment suggestions for after-tax 401k monies while waiting rollover to Roth (i.e. Mega Backdoor Roth)

I'm leaning towards the stable value fund. Are you sure you want to avoid a good year's growth on a stock fund in a bull market? Regarding one of the cons in option 2 - loss of value - no big deal…just put off the rollover until there is a small gain. There is nothing that says you have to do the r...
by neurosphere
Wed Nov 30, 2016 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Investment suggestions for after-tax 401k monies while waiting rollover to Roth (i.e. Mega Backdoor Roth)
Replies: 11
Views: 632

Re: Investment suggestions for after-tax 401k monies while waiting rollover to Roth (i.e. Mega Backdoor Roth)

From what has been stated here, most plans don't let you invest your after-tax money in a different allocation. A few do. Are you sure yours is one of them? If yes, I'd probably use a short term bond fund if you have one available. In my case (A Schwab 401k) the after-tax moneys are specifically se...
by neurosphere
Wed Nov 30, 2016 12:21 pm
Forum: Personal Finance (Not Investing)
Topic: Disturbing Conversation With Medicare Agent re Forfeiture of Future Social Security Retirement Benefits
Replies: 24
Views: 3272

Re: Disturbing Conversation With Medicare Agent re Forfeiture of Future Social Security Retirement Benefits

Fyi, sscritic is not aware of any such rule, and was also unable to find evidence of a rule which says one forfeits future SS benefits forever by refusing Part A. He wonders if perhaps the Medicare agent was thinking about a (now superseded/defunct) rule which stated that if one withdraws an applica...
by neurosphere
Wed Nov 30, 2016 11:56 am
Forum: Personal Finance (Not Investing)
Topic: Investment suggestions for after-tax 401k monies while waiting rollover to Roth (i.e. Mega Backdoor Roth)
Replies: 11
Views: 632

Investment suggestions for after-tax 401k monies while waiting rollover to Roth (i.e. Mega Backdoor Roth)

I think this question has been asked in various ways before, but I could not find a good, direct analysis which may serve as an easy reference for others, so... Here is the setup: I want to make after-tax 401k contributions periodically throughout the year. I want to do a rollover to a Roth only onc...
by neurosphere
Wed Nov 30, 2016 10:55 am
Forum: Personal Finance (Not Investing)
Topic: "behavioral" not financial approach to paying down/off credit cards?
Replies: 38
Views: 2546

Re: "behavioral" not financial approach to paying down/off credit cards?

The snowball method (lowest balance first) can be beneficial if cash flow is currently an issue. Getting rid of any card reduces the overall monthly payments, and frees up cash which can be put towards an emergency fund and/or reduce the chance that subsequent purchases are less likely to end up on ...
by neurosphere
Wed Nov 30, 2016 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Disturbing Conversation With Medicare Agent re Forfeiture of Future Social Security Retirement Benefits
Replies: 24
Views: 3272

Re: Disturbing Conversation With Medicare Agent re Forfeiture of Future Social Security Retirement Benefits

I found some information on an AARP blog post (http://www.aarp.org/health/medicare-insurance/info-04-2009/ask_ms_medicare_question_53.html) which writes: If you’re entitled to Medicare because you signed up for Part A at age 65 or later (perhaps not realizing that it can affect the use of your HSA) ...
by neurosphere
Wed Nov 30, 2016 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Disturbing Conversation With Medicare Agent re Forfeiture of Future Social Security Retirement Benefits
Replies: 24
Views: 3272

Re: Disturbing Conversation With Medicare Agent re Forfeiture of Future Social Security Retirement Benefits

I looked through every section of the POMS (Program Operations Manual System) on the ssa.gov site which I thought might be relevant to Part A (aka HI for "hospital insurance"). My goal was to find out if your social security benefits were permanently waived/disclaimed/withdrawn (not sure o...
by neurosphere
Wed Nov 30, 2016 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Disturbing Conversation With Medicare Agent re Forfeiture of Future Social Security Retirement Benefits
Replies: 24
Views: 3272

Re: Disturbing Conversation With Medicare Agent re Forfeiture of Future Social Security Retirement Benefits

Here is a snippet from this page at CMS (https://www.cms.gov/Outreach-and-Education/Find-Your-Provider-Type/Employers-and-Unions/Top-5-things-you-need-to-know-about-Medicare-Enrollment.html): At that time, they can choose to keep or decline Part B, but can’t decline Part A unless they withdraw their...
by neurosphere
Wed Nov 30, 2016 8:51 am
Forum: Personal Finance (Not Investing)
Topic: Net Worth now = $0!!
Replies: 13
Views: 2941

Re: Net Worth now = $0!!

It's not easy for us new physicians. We aren't taught anything regarding personal finance in medical school and it's quite normal to see people take out more money in loans to pay for everyday stuff (like going out with friends). People believe we are paid large sums of money that we then spend on ...
by neurosphere
Tue Nov 29, 2016 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth Question
Replies: 21
Views: 1333

Re: Backdoor Roth Question

I find Backdoor contributions complicated for some reason. In my case, my income prevents me from contributing to my Vanguard Roth IRA. So basically do I just open a Traditional IRA with Vanguard ( lets just say 5K), transfer it to my Vanguard Roth IRA, and have my tax person file a 8606? Simple en...
by neurosphere
Tue Nov 29, 2016 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth Question
Replies: 21
Views: 1333

Re: Backdoor Roth Question

I have three Vanguard Roth IRA funds. When I convert my tIRA contribution to my Roth IRA, am I allowed to distribute my tIRA contribution to all three Roth IRA funds, or does it only have to go to one Roth IRA fund? Thanks. The answer to your question is yes, you can convert a certain amount from t...
by neurosphere
Tue Nov 29, 2016 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth Question
Replies: 21
Views: 1333

Re: Backdoor Roth Question

Maybe I am just thinking too much. Instead of putting the entire contribution into my Roth IRA VG Total Market Index Fund, I could put 20% and 30% into my other two ROTH IRA Funds to rebalance and meet my desired AA. Thank you again. Sorry, I misread your post as having three Roth IRA ACCOUNTS. Not...
by neurosphere
Tue Nov 29, 2016 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: How your future SS benefit depends on assumptions for national average wage growth and CPI/inflation changes
Replies: 4
Views: 395

Re: How your future SS benefit depends on assumptions for national average wage growth and CPI/inflation changes

Good info, thanks neurosphere. In the help file for the anypia estimation tool, the detailed calculator that's fully flexible, the Social Security Administration suggests assuming zero wage growth and ignoring inflation if projecting one's own benefit. I agree that's the most reasonable. Choose the...
by neurosphere
Tue Nov 29, 2016 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth Question
Replies: 21
Views: 1333

Re: Backdoor Roth Question

I have three Vanguard Roth IRA funds. When I convert my tIRA contribution to my Roth IRA, am I allowed to distribute my tIRA contribution to all three Roth IRA funds, or does it only have to go to one Roth IRA fund? Thanks. I'm not sure why you would want to split the conversion into more than one ...
by neurosphere
Tue Nov 29, 2016 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth Question
Replies: 21
Views: 1333

Re: Backdoor Roth Question

As 2016 draws to a close, the backdoor opens once again :) Recap: Did a backdoor for 2015 this year, 5500 to tIRA, non-deductible, converted to Roth, filed 8606. For 2016, I still wasn’t covered by a retirement plan at work and with bonuses I passed the Roth income limit. From DSInvestors post abov...
by neurosphere
Tue Nov 29, 2016 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: SS COLA and CPI-W Revisions
Replies: 2
Views: 376

Re: SS COLA and CPI-W Revisions

pshonore wrote: How many times will they revise the numbers?


Probably as many times as they find errors. :?
by neurosphere
Tue Nov 29, 2016 12:17 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]
Replies: 26
Views: 2183

Re: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]

Hi NS, I'm not trying to say earnings are lost for years 60-61 or that COLAs for earnings in those years are lost. Yes they would be included in ones PIA and subsequent COLAs. What I am thinking is lost for two years is the indexing of prior years. The wage indexing factor is flat for two years. Th...
by neurosphere
Tue Nov 29, 2016 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Why does the car dealer say leasing is cheaper than buying?
Replies: 72
Views: 6582

Re: Why does the car dealer say leasing is cheaper than buying?

Reminds me of the arguments I used to have with people. There was at one time a popular urban legend that said that hot water freezes faster than cold water. I pointed out that the time it takes hot water to freeze is the time takes cold water to freeze plus the time it takes hot water to cool and ...
by neurosphere
Tue Nov 29, 2016 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]
Replies: 26
Views: 2183

Re: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]

Thank you for helping me along here, with your hobby. :happy So back to my bottom line, using the default "no increases" "no alternaive" mode of AnyPIA, the benefit values look like "real" dollars. I still think there are two "lost increase" years for the ear...
by neurosphere
Tue Nov 29, 2016 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [i]: Max SS Earnings, Bend Points, How Many More Years? [USA]
Replies: 40
Views: 4582

Re: Social Security [i]: Max SS Earnings, Bend Points, How Many More Years? [USA]

If the Consumer Price Index (CPI) grows at the same 3% per year rate as the NAWI, then the 2016 purchasing power of the $61,797 benefit in the 2046 column equals the $25,459 benefit in the 2016 column. But if the CPI were to grow at a different rate than the NAWI, this would not be the case. For ex...
by neurosphere
Tue Nov 29, 2016 10:44 am
Forum: Personal Finance (Not Investing)
Topic: How your future SS benefit depends on assumptions for national average wage growth and CPI/inflation changes
Replies: 4
Views: 395

Re: How your future SS benefit depends on assumptions for national average wage growth and CPI/inflation changes

And just for fun, I've plotted the lines which represent different assumptions for the "differential" (wage growth minus cpi growth). BLACK is a 0% differential (i.e. wages and cpi grown in tandem). RED is a differential of 1% (wage growth minus cpi growth = 2%). YELLOW is 2%. BLUE is 3%. ...
by neurosphere
Tue Nov 29, 2016 10:07 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]
Replies: 26
Views: 2183

Re: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]

One of my goals is to make a graph which plots a certain benefit (e.g. an age 67 benefit for a certain earnings history) as a function of assumptions for both wage growth and cpi. I imagine plotting the benefit on the y axis, and either cpi or wage growth on the x axis. Then there would be a series...
by neurosphere
Tue Nov 29, 2016 10:05 am
Forum: Personal Finance (Not Investing)
Topic: How your future SS benefit depends on assumptions for national average wage growth and CPI/inflation changes
Replies: 4
Views: 395

How your future SS benefit depends on assumptions for national average wage growth and CPI/inflation changes

Hi all, this post is a spinoff of a few other threads, where we have been discussing how to calculate/estimate future social security benefits. But the value of one's future benefits depends on assumptions for how wages will change over time (as measured by the National Average Wage Index or NAWI) a...
by neurosphere
Tue Nov 29, 2016 8:08 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]
Replies: 26
Views: 2183

Re: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]

And although anypia suggests setting wage increases and CPI increases to zero for a "today's dollars" comparison, this is not necessarily an accurate assumption. If wage growth continues to outpace CPI growth, benefits are higher compared to if wage=cpi. If CPI grows faster than wages, th...
by neurosphere
Tue Nov 29, 2016 7:59 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]
Replies: 26
Views: 2183

Re: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]

I'll try to summarize my latest thinking of how a 50-year old should think 1. Past earnings (through age 49) are wage indexed up. [Good] 2. SS Earning from age 51-56 will go up with max annual limit. [Good] 3. From ages 57-59 all those past wages will keep getting wage-indexed up. [Good] 4. Age 60-...
by neurosphere
Tue Nov 29, 2016 7:31 am
Forum: Personal Finance (Not Investing)
Topic: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]
Replies: 26
Views: 2183

Re: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]

A AnyPIA (Version 2016.2, Assumption: Alternate I) says my PIA = $5110. And "Benefit after rounding" (using Age 70) is $6336. These are for ages that are 15+ years away for me. Those seem too high to be in today's dollars. And are higher than your chart max. Regarding my chart "max&q...
by neurosphere
Mon Nov 28, 2016 10:31 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]
Replies: 26
Views: 2183

Re: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]

Assume similar to the OP: an early retiree, current age = 50. Stop working age 56, taking benefits at age 70. I would like to have the discussion about interpreting PIA and Benefit numbers as "today/real dollars" vs "nominal dollars" I think we can simplify your question. Look a...
by neurosphere
Mon Nov 28, 2016 8:46 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]
Replies: 26
Views: 2183

Re: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]

Does the age I will reach the 2nd Bend Point at (assuming contributing the Max to SS each year till I stop working) also change if actual inflations and wage growth are different from those you used in this model? Thank you, L.C I tested a range of different assumptions for CPI and wage growth. For...
by neurosphere
Mon Nov 28, 2016 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]
Replies: 26
Views: 2183

Re: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]

Nice work. Just remember that inflation factors stop altogether when you're 60. Thanks! But I think you mean that the influence of WAGE growth stops when one is 60? Inflation (i.e. CPI) does not figure into the benefit calculation at all until age 62, after which the benefit starts being adjust adj...
by neurosphere
Mon Nov 28, 2016 3:57 pm
Forum: Investing - Help with Personal Investments
Topic: Undo Backdoor Roth possible?
Replies: 4
Views: 249

Re: Undo Backdoor Roth possible?

I don't think you have to do anything. Although a backdoor Roth is not necessary if you are below the income limits, it is still allowed. The summary is that you did a backdoor Roth. No problem. Just make sure to report things properly on your taxes, exactly as if you had done a backdoor Roth (which...
by neurosphere
Mon Nov 28, 2016 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]
Replies: 26
Views: 2183

Re: Social Security [ii]: 2nd Bend And Retirement At Age 56, What PIA Claiming At Age 70? [USA]

Hi Columbo, below is a visualization of your projected SS benefits, based on your age and given earnings history, with a projection that you will make more than the maximum earnings until you stop working. The x-axis is the year you stop working (i.e. your retirement age). At that retirement age, go...
by neurosphere
Mon Nov 28, 2016 9:43 am
Forum: Personal Finance (Not Investing)
Topic: An IRS correspondence mess
Replies: 40
Views: 2727

Re: An IRS correspondence mess

Here's my guess as to what happened. The tax return was prepared by hand showing a $7K refund. Before filing, the preparer discovered a "typo" and revised the return to correctly show a $4K refund. Mistakenly, the incorrect first return was the one that actually got filed. You said earlie...
by neurosphere
Sun Nov 27, 2016 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: An IRS correspondence mess
Replies: 40
Views: 2727

Re: An IRS correspondence mess

A person who prepares a tax return for a friend or family member and does not charge a fee for the return preparation, is by definition NOT a paid preparer for that tax return and should not sign the return. IRS instructions are clear about this. Here is the language from the 1040 instructions (emp...
by neurosphere
Sun Nov 27, 2016 9:30 pm
Forum: Personal Finance (Not Investing)
Topic: An IRS correspondence mess
Replies: 40
Views: 2727

Re: An IRS correspondence mess

neurosphere, A few comments in response to your posts above: 1. The language in IRS Notice CP22A is misleading, and should not be interpreted to mean an amended return was filed, or even that the taxpayer ever requested a change to the tax return. That's what I assumed. I won't take the language as...
by neurosphere
Sun Nov 27, 2016 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: An IRS correspondence mess
Replies: 40
Views: 2727

Re: An IRS correspondence mess

I'm trying to get my ducks in a row prior to calling the IRS. I am now home and was able to further whittle a giant bag full of documents (and duplicates!! wow, so many duplicates) down to the raw elements and I have some updates. I can now further clarify/simplify the history, and will do so in a s...
by neurosphere
Wed Nov 23, 2016 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Chase no longer works with Quicken?
Replies: 24
Views: 11245

Re: Chase no longer works with Quicken?

My Chase downloads continue to work. This thread was started a year ago. At that time downloads were not working and it was uncertain if it was temporary/technical or something which would continue forever (intentionally continue). Apparently the issue was resolved, for now. My chase downloads also...
by neurosphere
Wed Nov 23, 2016 10:27 am
Forum: Personal Finance (Not Investing)
Topic: From no state-tax to state-tax
Replies: 26
Views: 2296

Re: From no state-tax to state-tax

At least for IRAs, you get New Jersey basis for your contributions (even if you didn't live in New Jersey at the time). See these: http://www.state.nj.us/treasury/taxation/pdf/pubs/tgi-ee/git1.pdf, http://www.state.nj.us/treasury/taxation/pdf/pubs/tgi-ee/git2.pdf. Oh, right, I was forgetting that N...
by neurosphere
Wed Nov 23, 2016 9:41 am
Forum: Personal Finance (Not Investing)
Topic: From no state-tax to state-tax
Replies: 26
Views: 2296

Re: From no state-tax to state-tax

Now, do you have any suggestions for me to reduce the state tax deduction? I assume you don't mean to use the word deduction, and instead mean withholding. Typically you would want to INCREASE tax deductions (on your return) because this means less total tax. Tax withholding, on the other hand, is ...
by neurosphere
Sat Nov 19, 2016 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: An IRS correspondence mess
Replies: 40
Views: 2727

Re: An IRS correspondence mess

I really like that NYS now has a good taxpayer website that shows me the date and amount of every estimated payment I have made and every refund I have received going all the way back to 2009. It also shows me the date of every return or extension request I have filed, along with the method (paper ...
by neurosphere
Sat Nov 19, 2016 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: An IRS correspondence mess
Replies: 40
Views: 2727

Re: An IRS correspondence mess

In addition, IRS Tax Information Authorization Form 8821 will allow anyone designated by the taxpayer to receive, either verbally or in writing, the taxpayer's confidential tax information. The form is more restrictive than the Form 2848 in that it does not allow the representative to advocate for ...
by neurosphere
Sat Nov 19, 2016 7:56 pm
Forum: Personal Finance (Not Investing)
Topic: An IRS correspondence mess
Replies: 40
Views: 2727

Re: An IRS correspondence mess

In addition, IRS Tax Information Authorization Form 8821 will allow anyone designated by the taxpayer to receive, either verbally or in writing, the taxpayer's confidential tax information. The form is more restrictive than the Form 2848 in that it does not allow the representative to advocate for ...
by neurosphere
Sat Nov 19, 2016 7:31 pm
Forum: Personal Finance (Not Investing)
Topic: An IRS correspondence mess
Replies: 40
Views: 2727

Re: An IRS correspondence mess

It is not that unusual for a tax return to be filed "care of" the tax preparer with the preparer's address. In this situation, it seems the IRS has sent correspondence to the taxpayer, so the taxpayer's address was presumably used, and a refund check would have been sent to the address on...
by neurosphere
Sat Nov 19, 2016 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: An IRS correspondence mess
Replies: 40
Views: 2727

Re: An IRS correspondence mess

Why not call the IRS and ask? I think that's a good idea. I can indeed with with my friend when she calls. Perhaps they'll say "file form 3911" as dodecahedron suggested. I think I'm distracted by all the previous back and forth, including letter written to the IRS which contains wrong or...
by neurosphere
Sat Nov 19, 2016 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: An IRS correspondence mess
Replies: 40
Views: 2727

Re: An IRS correspondence mess

I can't think of a good reason, other than mental instability, why the friend would refuse to seek professional help with an apparently significant sum of money involved. Not a big help, but I would back away from this if at all possible. I clarified this a little in my previous post. Also, for now...
by neurosphere
Sat Nov 19, 2016 5:20 pm
Forum: Personal Finance (Not Investing)
Topic: An IRS correspondence mess
Replies: 40
Views: 2727

Re: An IRS correspondence mess

By the way, if the IRS copy does not match her copy, there is a decent chance the preparer directed her refund into HIS account! Advice here: https://taxpayeradvocate.irs.gov/get-help/return-preparer-fraud Agreed. Which is why I'm hoping there is an easy way to figure out if a check was cashed and ...
by neurosphere
Sat Nov 19, 2016 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: An IRS correspondence mess
Replies: 40
Views: 2727

Re: An IRS correspondence mess

I can't think of a good reason, other than mental instability, why the friend would refuse to seek professional help with an apparently significant sum of money involved. Not a big help, but I would back away from this if at all possible. I clarified this a little in my previous post. Also, for now...
by neurosphere
Sat Nov 19, 2016 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: An IRS correspondence mess
Replies: 40
Views: 2727

Re: An IRS correspondence mess

The first thing that comes to mind is that the tax person is a fraud and somehow cashed the check herself. But... Another possibility is that the friend is mistaken. Has she actually checked her bank statements for a deposit that large back in that year? It's not like you can cash a check like that...
by neurosphere
Sat Nov 19, 2016 3:41 pm
Forum: Personal Finance (Not Investing)
Topic: An IRS correspondence mess
Replies: 40
Views: 2727

An IRS correspondence mess

Hi all, this is a potentially long story, but perhaps I can start with the basic question and details. I don't have all the facts, and am not even positive that the facts I think I know are accurate. This concerns a friend I am helping (no good deed goes unpunished) who needs professional advice but...

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