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April 1, 2025
Question

Should there be an underpayment penalty in CA state when I only did business there ten days in 2024?

  • April 1, 2025
  • 1 reply
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    1 reply

    April 1, 2025

    Yes, California is rather strict- if you did not make any estimated taxes, California applies the penalty unless you qualify for a safe harbor(paid 100% of the taxes paid the prior year).