Calculating interest and penalty

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walsh
Posts: 22
Joined: Mon Mar 26, 2012 2:22 am

Calculating interest and penalty

Post by walsh »

I am filing a 2010 540x with turbo tax, but it doesn't calculate the interest and penalty fields. Anyone know how to do it in turbo tax? Or point me to other source that I can do the calculation manually
nelsona
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Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Let the state calculate it.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
walsh
Posts: 22
Joined: Mon Mar 26, 2012 2:22 am

Post by walsh »

You mean the Cali FTB will calculate it? Is there a way I can estimate the potential interest and penalty? I only owe them $300. Or FTB will access this on a case by case basis?
nelsona
Posts: 18684
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

$300 is nothing for a year. FTB has a fomr. turbotax has an option. But let FTB calculate it, which is what I said isn't it.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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