Berkeley CSUA MOTD:Entry 22855
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2024/12/24 [General] UID:1000 Activity:popular
12/24   

2001/10/29-30 [Reference/Tax] UID:22855 Activity:very high
10/28   I filed my federal taxes on time but am going to file my
        CA taxes late. I didn't have any taxes due (I'm supposed
        to get a refund). Do I have to pay penalties?
        \_ Are there any good websites with examples or
           online calculators that show exactly how to calculate the
           penalty and interest if you did owe taxes?
        \_ No penalty if you don't have any tax due.  You get six months
           automatic extension which is over btw.  Not sure what happens
           after six months.
           \_ There is a possiblity of a penalty if you were required to
              file a tax return, even if you are owed money. And you have
              until April 15, 2005 to clain your money. Be sure to have a
              finished tax form.
        \_ Next time you plan to pay late you should pay estimated taxes on
           time so if you end up with a penalty itll be miniscule because the
           penalties are based on what you owe.  Estimated minus real taxes
           should be a small difference.  And oh yeah, hire someone to help
           if you have anything even remotely non-trivial such as house or
           whatever.  The few hundred bucks you'll pay out in that will be
           saved by knowing you did it right and by the extra bucks they find
           you.
           \_ Nit. He's getting a return...
2024/12/24 [General] UID:1000 Activity:popular
12/24   

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