redles
Level 1
05-08-2021
05:21 PM
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First I have seen this. Did CA make an adjustment to the minimum Corp tax if the income was lower than the 1.5%?
So I have searched the FTB website, as well as the internet. I have a return that only earned 890- for the 2020 tax year. Instead of calculating the min. fee of 800-, it is calculating the 1.5% of 890-, $13- tax. Is this for real? Anyone have an article on this?
Thanx!
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