Daniel F. Monte - Page 11

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          Forms 1099 pertaining to the education accounts.  On several                
          occasions, petitioner attempted to obtain the information from              
          his former spouse, who refused to divulge any information or                
          inconsistently claimed that she did not receive any documents or            
          that she sent him everything.  It is understandable that                    
          petitioner was unsuccessful in obtaining documents from his                 
          former spouse because of their acrimonious divorce.                         
               In addition, petitioner, on several occasions, submitted a             
          change of address to First Albany requesting that all documents             
          related to the education accounts be mailed to him at the                   
          Clarendon address.  Petitioner simultaneously submitted a change            
          of address to First Albany requesting that all documents related            
          to his individual brokerage accounts be mailed to him at the                
          Clarendon address.  Peculiarly, petitioner received all                     
          statements and Forms 1099 pertaining to his individual brokerage            
          accounts, but he never received any such documents for 2000                 
          pertaining to the education accounts.  Indeed, petitioner only              
          started receiving these statements in 2001.  Mr. Evereth admitted           
          that the company did not send the statements to the correct                 
          address pursuant to petitioner’s repeated requests.                         
               Moreover, petitioner specifically requested that First                 
          Albany mail him copies of the Forms 1099 pertaining to the                  
          education accounts.  In response to his request, First Albany               
          stated that it would check and mail him the Forms 1099, if any.             






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Last modified: May 25, 2011