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Just read on the ATX Blog that Payroll Compliance will be updated to latest platform. They're also looking for Beta testers. Poe's Raven was right on when he only repeats "Nevermore"....we'll never get rid of him.

You expect me to remember that day to day?

The trust needs to issue a 1099 to the partnership, if you can't get the management company to correct the 1099.

It's so easy in ATX! And you're not adding basis, you're "adding" capital.

Just got off the phone with the Employment Development Department (recommendation by the Franchise Tax Board as they did NOT know the answer to this question.) Luckily the EDD did! They referred me to this publication de231d: https://www.edd.ca.gov/pdf_pub_ctr/de231d.pdf Then she explained that since the services were not performed IN California, nor was the employee a resident of California, the employee was not liable for California state taxes and should NOT have W/H being taken out. Hope this helps someone else down the line!

I honestly don't think anyone can make a living properly reporting bond transactions. I also think almost no one even knows how they are to be reported. I usually lump all the various adjustments into one number and enter on 1099INT with code for 'other'. I also find that the totals in the detail pages of the 1099 are often different from the 1099INT. https://www.thetaxadviser.com/issues/2007/oct/taxtreatmentofmarketdiscountbonds.html Good luck!

The amount paid back is not taxable regardless of what SSA reports. Code Sec. 86(d)(2)(A).

Congress has cut their budget so much, they no longer have the resources to perform basic functions. They even sort CP2000s by dollar amount and only send out the number they can handle. I haven't seen a CP2000 for less than 1,000 in the past two years.

The SSA-1099 does not reflect the repayments. I do have proof and documentation from SSA that he received in the mail, so I can prove it was paid if I have to prove it at any point.

If it is California-source income, he should be liable, and file a non-resident California return. He can get credit for taxes paid to California on his Georgia resident return - up to the rate Georgia would charge him on the same income. There have been squabbles about people working from home, and I imagine court cases. Would like to know more about how the court cases turned out. Problem is, these are state court cases and not from the federal system, so the decisions can be inconsistent.