EdCPA99
Level 1
06-07-2021
07:08 PM
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On the client file, all prior year information was carried over from the prior year return. On the test client that I set up, I did not post any prior year information. Due to the large income and tax liability, the underpayment penalty is required to be calculated based on 90% of the current year CA tax liability, so the prior year information has no effect.