Home » CALIFORNIA » Proposition 30 California Tax Increase –Tax Penalty Waiver.

Proposition 30 California Tax Increase –Tax Penalty Waiver.

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  • MORE DON'T FORGET TO REMEMBER January 24, 2017
    Some reminders as you prepare to have your 2016 tax returns prepared, from my website FIND A TAX PROFESSIONAL –  CHOOSING A TAX PROFESSIONAL  DON’T ASSUME (my annual, perhaps controversial, warning)  WHAT TO ASK A POTENTIAL TAX PREPARER  WHAT TO GIVE YOUR TAX PREPARER  YOU ARE RESPONSIBLE  The last item – YOU ARE RESPONSIBLE – is very important.  Regardless […]
    Robert D Flach

The Franchise Tax Board has announced that taxpayers affected by the retroactive personal income tax increase (Proposition 30), may pay the amount due with their 2012 tax return.   Taxpayers subject to underpayment of estimated tax penalties may request relief by completing Form 5808 Underpayment of Estimated Taxes by Individual and Fiduciaries and completing Part 1, question 1 with the explanation that the underpayment is due to Proposition 30.


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