BulldogTom Posted March 29, 2014 Report Posted March 29, 2014 So my client sells a rental home. Title company withholds from the proceeds and gives my client a 593 certificate. Efile the return, and the FTB disallows the withholding. Client through away the letter from the FTB, just called me because the refund was less than expected. So I go back and look at the 593 and it is made out in the name of the client's revocable trust and does not have a number in the TIN area. I am guessing, but not sure, if this is the reason for the FTB kicking out the withholding. They probably match the TIN on the tax return to the TIN on the withholding certs and it did not match. Since the Trust is revocable, everything flows to the taxpayer and it is a legitimate claim for refund of withholding on the taxpayer's personal return. How would you proceed? Amend and show proof of withholding or just send a letter asking for the money? I hate calling the FTB, but I think I will have to. Thanks Tom Hollister, CA Quote
joanmcq Posted April 1, 2014 Report Posted April 1, 2014 Call FTB, and shoot the title company agent. Didn't you get a whole host of error messages for not having the 593 completely filled out? I just did one and couldn't complete it without having a copy of the damned form. Quote
BulldogTom Posted April 1, 2014 Author Report Posted April 1, 2014 I did not get any error messages. I did two of them the same day, for the same transaction. Two sisters sold a rental property. Two forms from the title company. The other sister got her refund no problem, this one got kicked. I think it is because there was no TIN on the form for this one. I hate talking to the FTB. They are blood suckers who don't know crap. I would rather deal with the idiots at IRS than the blood suckers at FTB. Tom Hollister, CA Quote
BulldogTom Posted April 7, 2014 Author Report Posted April 7, 2014 Talked to the FTB today. The issue is that it is on the Trust Account at the FTB. Need to file a 592 from the Trust to the Taxpayer. 6-8 weeks processing time. Then they will credit to the taxpayer's account. BTW - they did not have my POA on file because they are working on March 7th POA's. They are 1 month behind on processing POA's. The rep on the phone was a little peeved when I pointed out that was a long backlog. I hate California. The government employees just don't do their work. Tom Hollister, CA Quote
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