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#1
05-18-2006, 01:18 AM
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 Re: Underpayment penalty refunded Steve Pope wrote: - quote - > <hdnguyen[at]gmail.com> wrote:
Same here. Had a client with S/W computed 2004 CA $3> > Turbotax calculated that I had a $5 underpayment of > > estimated taxes on California form 5805. I filed > > electronically and had the tax I owed direct debited from my > > bank account including the $5 penalty. The state sent me > > back a $5 refund check with no explanation at all. Should I > > cash this check or return it or simply ignore it? > Exact same thing happened to me a year ago. I owed California > $2 in underpayment penalty, and when I paid it they sent me > back a $2 check. > No idea what's up with that. underpayment penalty. He paper filed and paid it to CA. They sent the $3 back. No idea why. I'd say, cash it. They can let you know if they change their mind. ;-) Maybe we should stop paying any penalty. BC << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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05-15-2006, 02:42 PM
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| Re: Underpayment penalty refunded Newsgroups: misc.taxes.moderated <hdnguyen[at]gmail.com> wrote: - quote - > Turbotax calculated that I had a $5 underpayment of
Exact same thing happened to me a year ago. I owed California> estimated taxes on California form 5805. I filed > electronically and had the tax I owed direct debited from my > bank account including the $5 penalty. The state sent me > back a $5 refund check with no explanation at all. Should I > cash this check or return it or simply ignore it? $2 in underpayment penalty, and when I paid it they sent me back a $2 check. No idea what's up with that. Steve << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
05-15-2006, 02:57 AM
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| Underpayment penalty refunded Turbotax calculated that I had a $5 underpayment of estimated taxes on California form 5805. I filed electronically and had the tax I owed direct debited from my bank account including the $5 penalty. The state sent me back a $5 refund check with no explanation at all. Should I cash this check or return it or simply ignore it? << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| penalty, refunded, underpayment |
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