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  • Shared Horizons, Inc.

A Message From Shared Horizons, Inc. CEO Regarding 2023 Grantor Letters

An extension of Murphy’s law states that “Anything that can go wrong will go wrong and at the worst possible time.”

 

This email is to alert you that the timeline for the Grantor Letters has changed. While organizing the Grantor Letters last night, we noticed an incorrect allocation of interest earnings on an account. This may seem minor to some, but it may impact how interest earnings are calculated for the entire pool of accounts. The CPA Firm confirmed that the error was related to how the tax software interpreted an empty entry instead of a zero (0) entry when calculating allocations.

 

Fortunately, the Shared Horizons Team caught the error before the tax returns were filed, which would have necessitated filing an amended 1040 tax return.

 

The CPA Firm is correcting the error and will send a draft for review tomorrow. The review process will be done over the weekend; the CPA Firm will issue the final 1041 with Grantor Letters on Monday, and we will begin mailing on Tuesday.  Beneficiaries will have their Grantor Letters by April 5th. Please contact our office if you do not receive your tax document within the timeline given.

 

A Note To Provider Agencies: Given the urgency and time constraints, we cannot pull Grantor Letters by Provider Agencies. The letters will be mailed to each beneficiary based on the correspondence address we have on file.

 

Though Shared Horizons was not responsible for the error, we are accountable to our beneficiaries and apologize for this inconvenience.

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