CA FTB Audit of Cancellation of Debt Income & 1099-C

Oct 01, 2011 0 Replies

The latest newsletter from the CA FTB provides information on an audit they performed on the reporting of CODI by CA taxpayers. The item I found of interest was that more than 50% of the taxpayers had received an inaccurate 1099-C. A word to the wise.

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