DMPI
Level 1
03-07-2024
08:55 AM
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My california taxpayer was allowed to pay the first 3 quarter of 2023 estimated taxes by October 15th 2023. i am now preparing the 2023 return and the fed and state are calculating underpayment penalties. How do i proactively reduce the penalty? or do i need to leave the penalty and trust the feds and CA to recalculate and return the penalty