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BobKamman
Level 15
June 14, 2021
Solved

California ES Penalty -- De Minimis Amount Waived?

  • June 14, 2021
  • 2 replies
  • 9 views

California taxpayer with zero withholding and just under $1,000 tax owed.  Program adds $21 ES penalty on Form 5805 but there is the option of allowing FTB to compute it.  Do they really want quarterly payments for such a small amount?  Do they really send out bills for less than $25?

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Best answer by Just-Lisa-Now-
Over $500 and CA wants ES payments. Will they send a bill for that small of an amount? Its CA, probably.

2 replies

Just-Lisa-Now-
Intuit Community Champion
June 14, 2021
Over $500 and CA wants ES payments. Will they send a bill for that small of an amount? Its CA, probably.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
George4Tacks
Level 15
June 14, 2021
You betchum Little Beaver!
Answers are easy. Questions are hard!