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Hunter-

Bill Morgan sent your 2016 personal and Owasco tax returns to the office at HOS yesterday. Not sure if they were sent to my attention or yours but they are likely at the front desk. I haven’t had a chance to look at them and make sure there’s no glaring errors. I’d like to review it once before you sign and can go by and get them on Monday if they are still at the front desk and then can return them pretty quickly thereafter.

Since you were still married in 2016, this is the last return you are filing jointly with Kathleen so she needs to sign this as well. They aren’t due until Monday October 16th so there should be enough time between now and then to get both signatures on them. If you aren’t able to get them to her Joan can messenger them over at some point.

Assuming there are no errors, Bill says you will owe $32,655 personally and $45,673 from Owasco.

In addition, Bill calculated the amount of estimated taxes owed on the Eudora distribution and you will owe $147,000 in federal taxes and $57,000 to DC. I understand that Illinois taxes have already been withheld by Eudora. Those payments are due January 15, 2018 but can be paid anytime between now and then. Bill has prepared vouchers for those payments.

Thanks,

Eric


Eric D. Schwerin
Rosemont Seneca Advisors, LLC
2900 K Street, NW
Suite 507
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com <x-msg://59/eschwerin@obblaw.com>
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