So it turns out that Fahnestock has not been withholding NY City taxes from our paychecks ever since the conversion from CIBC back in June. CIBC was able to do that just fine, as I'm sure any other normal 21st century firm could do, but not this antediluvian nightmare.
I recommend that everyone, once they figure out the taxes and interest penalties, send the bill to Bud.
Only at Fahnestock. If they couldn't get the employee tax withholding right, how messed up are the client 1099's? How many corrected versions are going to have to go out?
No big deal, though, client service, is not a big priority at this bucketshop, no matter what the kool-aid drinkers and "boutique" propagandists say.
Speaking of 1099's...there's a piece of shit at fahnestock named Jacques something, who's in charge of 1099's for clients. I had some clients who owned some royalty trusts whose dividends are partially a return of capital, not subject to taxation. Of course, fahnestock's 1099 shows them as fully taxable. Pieceofshitjacques took 2 months to correct the 1099's. He was very rude, like any frenchfuck, and impossible to deal with.
That's the kind of pieceofshit place fahnestock is.