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Form 5305-S online Philadelphia Pennsylvania: What You Should Know

Our clients must be located in the United States or qualified for a U.S. Federal Tax Deduction. We do not offer tax advice and this is not an authoritative statement of law. No representation is made as to the tax consequences of a transaction. The information provided in this article was not intended to be a substitute for your  tax advisor. For detailed legal, accounting and financial advice, please contact your tax advisor or read our Tax Guide to Individual Retirement Accounts, the IRS Form 401(k) and other similar resources. For more information please visit our blog or write to us, our mailing address is: 1401 N. 15th Street Philadelphia, PA 19107 We Accept: Checks, Wire Transfers, Electronic Fund Transfer (EFT), Money Orders, Visa, MasterCard. The IRS requires us to report our income, capital gains and gain from sale of securities. We do not, by any means, accept tax returns. To make the transfer electronically follow these steps. Step 1: Go to a commercial bank and use our Internet banking. STEP 2: From your desktop or laptop, select the menu “Payments” in the upper right of the screen. STEP 3: The screen should look similar to the one below. The first column “Currency” will display the current exchange rate. The next two columns will take the amount you entered and display the amount, in U.S. Dollars, that you will be charged. The next screen will display an option to use our Online Payments Service. This is a secure and convenient service. You will need to enter your name and email address for us to identify you and your account information is securely encrypted. You will also need to select a bank account and password from the drop menu when asked. If you do not have a bank account, you can create one on this Website to obtain one for free. After the online process is complete select the “Request Form 5305-RA” to initiate the Form 5305-RA. After completing the request you will receive a copy of the form. Write a check, wire transfer or credit card statement or other acceptable form of payment for the amount. We will review the electronic tax return and pay it out to the account named on the form. The amount reported in the return will be the cash balance due to us in the account that is named on the form. If you wish we can contact the custodian so that the transfer can be made over the telephone.

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