Form 593 error - Spidell

Form 593 error

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Message Board Form 593 error

  • This topic has 3 replies, 2 voices, and was last updated 1 week, 2 days ago by Lynn Freer.
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    • #266433
      Marc Lund
      Participant

      If anyone has received a form 593 from the buyer (in this instance an installment sale) where there is an error, is the buyer the only one who can correct it? This is a case where taxpayer died a year and a half before the payoff and buyer used the taxpayer’s ssn on the 593 instead of the surviving spouse so it will be held by the state and no return will be filed with the taxpayer’s ssn on it.

      Marc Lund CPA

    • #266519
      Lynn Freer
      Participant

      I would check with the escrow company. It appears that the son provided his SSN rather than his mother’s so it was the seller’s error. If the escrow company can’t fix it, you could call the FTB’s withhold at source unit.  (888) 792-4900

    • #266528
      Marc Lund
      Participant

      This was an installment sales so it was the buyer’s responsibility to file the 593. The escrow company on the payoff would not handle it. The buyer just used the taxpayer’s ssn as he had done all along even though he knew the seller had died. I will have the seller call the FTB withhold at source unit and see what they say.

    • #266554
      Lynn Freer
      Participant

      Sorry, you are correct. I would try to contact the buyer and if they can’t change it call the FTB withholding at source number above

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