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SC claiming ERC credits

State's treasurer helped a Nigerian prince that turned out to be a real thing.

I was wondering where I misplaced that $1.8 billion - been looking all over for it. Looks like it turned up just down the road a ways.

Not commenting on the truth, but the reality is many do not trust items from certain countries. If an AV from Russie has been banned, and drones from China are or are soon to be also, it makes sense these could be trade related only (bans bought by US competitors), based on fact/fear, or a little of both (likely). I thought about buying a certain computer brand but skipped it because of the origin. I happen to use a local hardware firewall and can ban and monitor all outgoing items. While I am fine with a global economy, it is an eye opener how many things we usually trust try to connect to places most would prefer not to. As a for instance, a game my spouse plays has to connect to a country I block (for ads) to function, so IU had to setup a safe path for her game to work!

I never believed that the IRS keeps track of the 8606s anyway. What's in it for them? If you take a distribution and claim that some portion was post-tax, the onus will always be on you to prove it. You are the one who will have to produce 8606s from possibly decades ago, records that will long ago have disappeared from IRS systems. I even wonder how long gifts reported on 709s are retained by IRS.

State treasurer bought a ticket for one of those European sweepstakes things? Good for them for wanting to figure out what on God's green earth is going on.

Fix the worksheet, or make a note for next year to correct the carried-forward total, and leave it be.

A state that is making money? That sounds good to me. It's far better than missing $1.8B.

Well, we all know how well that works out.