CA underpayment penalty 2019

WMC4 · ‎06-13-2020

Is there an error with CA Form 5805? Income is over $1,000,000 and I did not pay in 90% of 2019 tax liability. No underpayment penalty is being calculated though??? The form says "exception met", but I do not believe one was...

George4Tacks · ‎06-13-2020

Withholding is at least 110% of the 2018 tax?

Here's wishing you many Happy Returns

WMC4 · ‎06-13-2020

Yes, but that shouldn't matter since 2019 income is over the $1M mark.

George4Tacks · ‎06-13-2020

Highlight the return and use Ctrl + L to send it to Lacerte with your notes. That way they can more quickly fix the bug in the program.

Here's wishing you many Happy Returns

CA underpayment penalty 2019

©1997-2024 Intuit, Inc. All rights reserved.

Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

By accessing and using this page you agree to the Terms and Conditions.