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Posted by Mike Wellman on February 27, 2007, 10:30 pm
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> This is a warning that California will charge you an
> additional 25% even if you never owed them a penny if you
> don't file an income tax return with them more than 8 months
> after April 15.
>
> For example, if you make 100K and your california income tax
> is 10K yet you already paid in payroll taxes 11K but you
> don't file for a year, then California will automatically
> charge you the original 10K plus 25% of the 10K which is
> 12.5K just because you're late. So you don't even get your
> refund. They keep it (they kept mine). And they send you a
> bill besides. All for taxes you never owed in the first
> place!
>
> The federal government does NOT penalize you for being late
> if they owe you.
>
> I know all this because after my husband died a few years
> ago, I moved from Texas which thankfully is a very low tax
> state to California which unfortunately is a very high tax
> state and it took me a while to get my tax feet on the
> ground again.
>
> I don't want this to happen to other hapless Californians.
>
> Warning: California penalizes you 25% for not filing even if
> they owe you!
A delinquent penalty will be charged on unpaid taxes if a
return is filed late. The penalty is 5 percent of the unpaid
tax due for every month that the return is late, up to a
maximum penalty of 25 percent of the unpaid tax. The minimum
penalty is $100 or 100 percent of the unpaid tax, whichever
is less.
In your example, there would be no penalty because there is
no unpaid tax due.
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