I have been following posts on this site and watching videos on YouTube. I read a comment that said, "Be a Trustee and cut out the middle man." So I served as Trustee for my adult children and grown granddaughters. The papers have been sent a little over a month. I am praying for an unusually short turn around. I am extremely anxious to find out if I can make this work. It will be a great adventure helping people with this process. :) I also have sent a package of documents to the Treasury Department with all of my financial obligations as well as my utility bills for a year. Looking forward to being a Trustee and helping people with the 1099a process...:)
Blessing to you and your family, may God give you your heart desire. Could you please share with us the process you took to be a trustee!!Meaning, what type of forms you sent and did you open a tryst account already and how about!!Thanks for sharing and good luck
Any update on your progress?
I have not heard anything. From what I understand, that could be a good thing 😊
Two separate interactions with the Treasury Department about Beneficiaries I am Trustee for
Rebecca K Murphy
21 May 2023
I am Trustee to seven different Beneficiaries around the United States. I filed my first set of documents with the Treasury last year. Recently, I have been contacted by the Treasury to verify an address of one of my beneficiaries. And more recently, one of my beneficiaris received a copy of the form 8888 with no letter and no explanation. If this whole 1099A thing was not a real thing, Why would the United States Treasury be trying to verify information??