Remember for Californians, even if owed a refund you must file on time.

[DCal430]

Unlike other states, California imposes large penalties on late filers who are owed refund as well. So remember to file on time even when owed a refund. A coworker got hit with this big time last two years.

Though usually the penalty is waved if it is a first time, or it isn't severely late. This is up to this digression of the FTB.

 

[dr150]

I fucking hate doing taxes.

My H&R Block tax bill was $580 in Cali. (wife stock options with real estate shit to drive up the add-on price)

Ridiculous!

 

[amish]

wrong. California gives an automatic 6 month extension if one is in a refund position.

https://www.ftb.ca.gov/individuals/faq/ivr/201.shtml

California gives you an automatic filing extension through October 15, 2012. You don't need to apply for one. Here's what you should do if you can't file by April 17¹, 2012:

You are due a refund — File your return by October 15, 2012. Choose e-file and direct deposit for the fastest refund.
You have a balance due — Pay the amount you owe by April 17¹, 2012 to avoid penalties and interest. You can pay online, by credit card, or by check with form FTB 3519. Then file your return by October 15, 2012. Choose e-file to ensure that we receive your return on time.
You're not sure if you have a balance due — Use the worksheet on form FTB 3519 to figure your tax.
Extension for federal returns: The process and dates for requesting a filing extension for your federal return are different. Refer to the IRS Website for information.

quit spreading false info

 

[spacejamz]

Unlike other states, California imposes large penalties on late filers who are owed refund as well. So remember to file on time even when owed a refund. A coworker got hit with this big time last two years.

Though usually the penalty is waved if it is a first time, or it isn't severely late. This is up to this digression of the FTB.

Wasn't paying a fine the first time bad enough? or did your coworker just enjoy it so much they wanted to pay the fine again?

 

[DCal430]

wrong. California gives an automatic 6 month extension if one is in a refund position.

https://www.ftb.ca.gov/individuals/faq/ivr/201.shtml



quit spreading false info

If you late after that extension, you must pay a penalty.

Also penalties are calculated starting April 15 even if you get an extension.

 

[DCal430]

Wasn't paying a fine the first time bad enough? or did your coworker just enjoy it so much they wanted to pay the fine again?

For the second time the coworker decided to mail the day the SECOND 6 month extension expired. FTB claimed it was mailed one day after it expired.

Penalty was Calculated Starting April 15th of the prior year, with a 25% maximum.

 

[amish]

If you late after that extension, you must pay a penalty.

Also penalties are calculated starting April 15 even if you get an extension.

do you have any proof from the FTB to back that up? I already showed you mine.

EDIT: wait. I just re-read what you wrote. of course you have to pay a penalty for late filing if you didn't file by the deadline or the extended due date. and yes, I can confirm that the penalty will be calculated from the first due date 4/15 going forward.

 

[chowderhead]

This thread is misleading since the filing deadline is today. Someone needs to bump this thread on October 14 2012.

 

[BoomerD]

I fucking hate doing taxes.

My H&R Block tax bill was $580 in Cali. (wife stock options with real estate shit to drive up the add-on price)

Ridiculous!

You should find a good CPA instead. I worked for HRB a couple of years ago and was also doing books for a small CPA firm H&R charged more for simple returns than the CPA's were charging for folks with MUCH more detailed and complex returns.
The average return I did for HRB was over $300...while most of the personal income tax returns at the CPA firm were between $200 and $275.

It's worth checking into for next year...unless you're one of the folks who likes paying too much to have your taxes done...and/or want the "refund anticipation loan."

 

[Sukhoi]

Unlike other states, California imposes large penalties on late filers who are owed refund as well. So remember to file on time even when owed a refund. A coworker got hit with this big time last two years.

Though usually the penalty is waved if it is a first time, or it isn't severely late. This is up to this digression of the FTB.

Wrong, automatic 6 month extension if you're owed a refund.