RE: amended 2012
Rich,
I just spoke with Jeffrey – he asked us to prepare a draft of amended 2012 return...
we need details on 3 works of art that were sold that year....
including date of sale, sales proceeds, selling expenses, if any, date of purchase, original cost, sales tax paid (if any)...any other costs related to these works (framing, commissions, etc)...
- Brock
IRS notice has not been received on my end – I called IRS this AM and got verbal confirmation – Once I get copy of transcript I will send to you. Overpayment applied is $9,159,087.47 (this is slight reduction from 2012 return amount)
Attached is the two sales
The small bronze was from an earlier year. I will talk to JEE on that item. Assume zero for time being
Only amend NYS and Fed – pls don’t amend for the other states – it has no tax consequence as all sourced to resident state.
Thank you... of course..no need to amend any non-res states.
THOMAS TURIN, CPA
Partner
Raich Ende Malter & Co. LLP
1375 Broadway
New York, New York 10018