As an FYI...the Inflation Relief Payments appear to be taxable @ a Federal level.....The FTB is NOW issuing 1099s to the Taxpayers. We have had 4 or 5 calls from clients.
The IRS took a generic position stating it is taxable since it is income...but this goes against all the rational of the Fed and other two stimulus checks from Governor Gruesome....I mean Newsome.
