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California ES Penalty -- De Minimis Amount Waived?

BobKamman
Level 15

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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Just-Lisa-Now-
Level 15
Level 15
Over $500 and CA wants ES payments. Will they send a bill for that small of an amount? Its CA, probably.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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2 Comments 2
Just-Lisa-Now-
Level 15
Level 15
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
You betchum Little Beaver!

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