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Tag Archives: short sales

Audit, California Tax Law, IRS News

California FTB Audits – Guaranteed Income

Posted on February 1, 2011February 1, 2011 by TaxMama

TaxMama note:  The Franchise Tax Board is starting these audits of people who have been relieved of debt in one manner or another. Odds are, at least 30% – 40% of the audits will turn up errors, with taxes due. I bet that 10% – 15% will turn up errors in the taxpayers favor, where […]

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Posted in Audit, California Tax Law, IRS News  |  Tagged 1099-c, abandonment, Audit, Business/Finance, California, caltax.com, Cancellation of Debt, Cancellation of Debt (COD) Income, cod, credit debt, Debt, Foreclosure, Franchise Tax Board, free tax information, FTB, Internal Revenue Service, IRS, Real estate, short sales, spidell, Tax return, Taxation in the United States, TaxMama Leave a comment
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