Hello. I am newly retired and my only taxable income for the next 10 years will be high yield savings and CD accounts interest, and sporadic Roth conversions. Am I assuming correctly that I have to pay taxes on the HYSA and CD interest each quarter? Will I be penalized if I make unequal estimated taxes to the IRS and/or to California?
@albertog43196 ай бұрын
Hi, for "Payment Type" I selected "Bill Payment" instead of "Tax Return Payment" is that a problem?
@BITW_Guzman3 ай бұрын
If the balance was the same as what u received on the letter no.
@rupman27isback6 ай бұрын
On payment type.. how do i know which one o click? i owe the state money. So which option would i choose? 540 or tax return payment option? thank you
@juliemerrillcpa6 ай бұрын
If it's for 2023 taxes due, select Tax Return Payment. If you are making a payment on extension, select Extension payment, for estimated quarterly taxes for 2024,select Estimated tax payment 540-ES
@juliemerrillcpa6 ай бұрын
If it's for 2023 taxes due, select Tax Return Payment. If you are making a payment on extension, select Extension payment, for estimated quarterly taxes for 2024, select Estimated tax payment 540-ES
@rupman27isback6 ай бұрын
@@juliemerrillcpa Thank you so very much.
@christian37ism7 ай бұрын
To put this to practice. Say I file my tax return. Then I make tax payment using the "Tax Return Payment" option?
@juliemerrillcpa7 ай бұрын
Yes, would be paying original payment due
@vincents15357 ай бұрын
For “select payment type” where would that fall into if I have to make a payment for a form 3588
@juliemerrillcpa7 ай бұрын
Make sure you are paying under the business and not the personal section. It will vary by state. In California, they call it a Franchise Tax or Original Return
@Loco3b7L09 күн бұрын
Tendras este service on Espanol?
@juliemerrillcpa8 күн бұрын
There is a "Translate" button at the top of the website on ftb.ca.gov and allows you to see the information in other languages.
@JuanGarcia-fn5mi6 ай бұрын
Do you need to create a profile to pay your CA filed taxes, I owe.
@juliemerrillcpa6 ай бұрын
No, you don't have to create a profile. You can pay and they just ask you for your info
@7ding1dong42 ай бұрын
Thank you
@shack2113 Жыл бұрын
hello trying to filer the california state board, and it does not allow me to close, is telling me that i am doing a wrong tax , do you have a video showing the filing for california state board?
@juliemerrillcpa Жыл бұрын
What tax are you trying to pay?
@shack2113 Жыл бұрын
@@juliemerrillcpa the california state board of equalization, i sent you an email, you videos are amazing but did not find help
@juliemerrillcpa7 ай бұрын
@@shack2113 different website for state board of equalization. Paying sales tax? www.boe.ca.gov/
@MS-ei5cm Жыл бұрын
Hello, Is it an issue if we click the option "estimated tax payment" instead of the "tax return payment"? What to do if I did that by mistake
@juliemerrillcpa Жыл бұрын
Yes, it will apply it to the wrong year
@MS-ei5cm Жыл бұрын
@@juliemerrillcpa I selected the correct year, 2022 but just the payment type was selected wrong: "estimated tax payment" instead of the "tax return payment" Time 1:40 in your video. The year selection was correct as I owed that much for 2022, still, it will not be considered paid?
@rupman27isback6 ай бұрын
@@MS-ei5cm great question.. did u ever figure it out?