Concern: SLIG Investors Left in the Dark Without K-1 Forms or Annual Reports

 

Concern: SLIG Investors Left in the Dark Without K-1 Forms or Annual Reports. Did you receive your K-1 from SLIG?    Some SLIG investors are concerned that they never received the legally required K-1 forms for 2023, which are essential for tax filing, nor the annual reports that provide transparency into the financial status of their investments. The failure to provide K-1 forms places investors at risk of substantial financial and tax complications   Even if no distributions were made, investors are still entitled to a K-1 form, as it contains crucial financial information necessary for accurate tax reporting.   Furthermore, when an investment property is sold, or liquidated, syndicators are legally obligated to provide a final accounting of how proceeds are distributed, ensuring transparency.   The omission of annual reports  is particularly troubling in cases like the "Tamarind South" project. This fully occupied building, which was collecting monthly rent, inexplicably went into foreclosure for lack of payment. The absence of clarity about how rental income was managed casts a significant shadow of suspicion over the property's management and the handling of investor funds.  What to Do If You Haven’t Received Your K-1? As you find yourself without your K-1, it's crucial to act swiftly and decisively to protect yourself:   1- Contact the Syndicator Immediately: Syndicators are legally obligated to send you a K-1 every year. Ask this in writing, via email or certificate mail and keep it for your records.   2- File for an Extension: If the deadline is closing in and your K-1 is still missing, file for an extension with the IRS. This buys you time and helps avoid penalties.   3- Estimate and Report Income: If filing for an extension isn’t an option, consult your accountant about estimating your income or loss. Use prior years’ K-1s or any financial reports provided by the syndicator. You can amend your tax return later if necessary.   4- Consider Legal Action: If you suspect negligence or worse, report the issue to the IRS and consult with a tax attorney.    UPCOMING NEWLETTERS Tamarind South: Fully Occupied, Rents Collected, Yet Foreclosed? Strategic Legacy Management LLC: Conflict of Interest DEM Foreclosure: The Fourth-Floor Tenant. Unpaid Rents Barton Estates: Eviction Dispute and Harassment Mehrian's new company: A Tale of Pretense   Tell us how we are doing SLIG Victims is a coalition of investors, each contributing their unique experiences of being swindled. Together, we stand, with absolutely nothing to hide—except maybe as most of you the overwhelming regret of trusting and investing in SLIG.  #AbrahamMehrian #familyfinancialstrategies #pedrammehrian #AbrahamLincolnRealEstate #ABLegacyCARE #meetzack #meetBROOKE #wwMEJIA #SLIG #Crook #restrainingorder #PonziScheme #sbafraud