EFTA00869297.pdf

From: "Jeffrey E." <[email protected]> To: Richard Joslin Subject: Re: Estimated tax penalty Date: Wed, 01 Oct 2014 12:39:06 +0000 did we get to the bottom of the meadow lane irs, ada suggested it was you that reached out to pw and she had nothing to do with it? you bonus is sepretate from past child gift On Wed, Oct 1, 2014 at 6:54 AM, Richard Joslin < wrote: We had planned to amend 2012 and report Igger/Bracque gain. Tax increase would have been around $3.5MM. We never filed amended 2012. The estimated tax penalty is showing as if amended return was filed and thereby requiring higher amounts of estimated tax payments in 2013. It will be fixed. Penalty for underpayment of estimated tax < 100K. Will be reduced to around $25-30K. On Oct 1, 2014, at 6:42 AM, "jeffrey E." <jeevacation®gmail.com> wrote: what are the amounts involved? was 2012 amended LESS than 2012 filed? On Tue, Sep 30, 2014 at 8:34 PM, Richard Joslin < > wrote: They used for 2013 tax return. Form 2210 calculates penalty for underpayment of estimated tax. Silly, borderline knuckleheaded. On Sep 30, 2014, at 8:28 PM, "jeffrey E." leevacation@grrtn> wrote: when did they use the amended? makes no sense On Tue, Sep 30, 2014 at 8:16 PM, Richard Joslin < > wrote: I am looking at 2210 form and it shows Q4 underpayment. I know we are on protect. And i know that I would not have short paid if on protect. I arrived on scene in time for Q4 payment. What do you think happened to cause this error? Raiche used the amended tax return for 2012 to determine protect amount. Aside from fact the amended return was never filed, the estimated tax rules require the use of the tax shown on originally filed return or the amended return tax only if amended return is filed by extended due date. I am pretty sure Prosystem has this programmed properly. I know GoSystem has. Raiche overrode prior year tax with the 2012 amended tax (never filed). So that means Raiche do not know these basic rules regarding estimated tax. Everything needs to be checked. EFTA00869297  please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00869298