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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (161)	7/28/1999 12:52:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 7434

Been there, done dat, got da T-Shirt. Even had the SS Admin send in some other form. A year, two go by and the IRS starts the mess all over again. Here is a for example.....American Funds has an account in my wife's name and mine. Her name is first, so it's in her SS. Just tried to redeem a fair chunk yesterday. She had to run down to SS to have them send a form else they would withhold 31%. We are talking a lot of money, roughly 31% of over 100K. Must have W-9ed these suckers to death but I did not even know that the IRS had this account on a lock since 1995. She has an DRIP with PG. For the last 6 months I could not figure why they were holding back about 100 bucks each quarter on the dividends. Hit me Monday night (at 2 in the morning) Yep, 31%. What is wrong with these people, how many W-9's do I have to send in? The issue is, we File as "Slevin". The accounts all have the hyphenated name. Her last name is 8 characters. So with the hyphenation, it becomes 9, then 15 with "Slevin". Their computers probably cannot support such a long name. So each year I mail out perhaps a dozen W-9s and other forms. It's a heck of a lot easier to just get rid of the Maiden Name. Check this out, when her license had the two names the NJ DMV could not put the entire name on her license. Ended right after "Slev". She nearly got arrested because the car was registered to me and she could not prove who she was. I don't even want to talk about when she would use credit cards prior to dropping the hyphenation. She got most of her credit based on my credit history so my name was on the cards but she could not prove who she was. Well, now that I have successfully worked myself into a frenzy, I'd just as soon drop this.