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To: NoGrayZone

I am in California and I file electronically. I just got hit with two letters for penalties on my payroll taxes. I electronically filed and have documented proof that the State of California “accepted” my electronic payment on the day due but their position is that “accepted” does not mean monies transferred. On the second , I am being assessed a penalty( and interest) for “underpaying” my taxes even though the assessment letter shows I OVERPAID them by about $200.

I know what they are doing. They assume that I will rather pay the penalties then get my accountant involved since that cost will be much higher than my actual penalties and interest.

It aint’ going to work.


12 posted on 06/05/2012 3:56:27 PM PDT by Cyman
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To: Cyman
Do what I did (formerly incorporated in Calif)...close out the company/corporation and re-open it in a more tax friendly state.
Nevada comes to mind; but there are others.

It does not matter where the physical location of your business is.
Its all about survival now.
21 posted on 06/05/2012 5:37:16 PM PDT by Tainan (Cogito, ergo conservatus sum)
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