Wells Fargo complaint: Another Way Wells Fargo is trying to rip customers off
Filed 10 Jul 2020 by RichardB
I received a letter saying I owed unrelated business tax and they would be charging me $200 to file a form that is unnecessary. My K-1 from the subject company did not show me owing unrelated business tax since my IRA is not tax exempt. Moreover, if I were a tax exempt entity, my net Unrelated business taxable income is a loss of over $7,000. They claim they will be charging my account for their $200 fee plus taxes I do not owe. This is supposed to happen around July 15th. They are unwilling to show me where they are getting their numbers. Another scam on their customers.
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