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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: Colin Cody who wrote (2007)	3/18/1999 5:14:00 PM
From: Brendan W	Read Replies (1) \| Respond to of 5810

The standing letter approach runs contrary to the text Richard Joslin posted day before yesterday-- Message 8336493 -- and obviously from a common sense critique it doesn't sound like specific identification. I don't know what he's citing, though. You wrote: >>>> Brendan, the idea of a "standing letter" is a new one on me, but it sounds intriguing! I think I'd modify it is as follows: The instructions would be in writing. Make three copies of the letter. The three copies of the letter would be signed in front of a notary public. Two of the signed letters would be sent to the brokerage via certified mail return receipt requested and inside would be a cover letter asking the broker and his floor manager (or in the case of a discount broker, just the office manager, or the compliance officer) to sign the extra copy of the letter and return it to you for your file. Save everything and hope the IRS allows it if you are audited!