Question
California corporate tax underpayment penalty
This seems to happen every year for me. I've got all the numbers in my 2021 federal and California corporate taxes and I owe the minimum $800 BUT I am getting a $22 penalty for underpayment.
I paid the 2020 $800 taxes on time and made no other estimated payments. I plan to pay the 2021 $800 taxes in full before the due date.
Usually, find some special box to check or uncheck and this $22 penalty disappears. Can't find it in TurboTax for 2021. Would love some help. Many thanks!
