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Instructions for Form FT 5805 Underpayment of Estimated Tax by Individuals and Fiduciaries General Information Estimated Tax Payments ? Taxpayers are required to pay 30% of the required annual payment
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What is ftb 5805?
FTB 5805 is a form used by individuals or businesses to report and pay the California Underpayment of Estimated Tax penalty.
Who is required to file ftb 5805?
Individuals or businesses who did not pay enough estimated tax during the year and owe a penalty for underpayment are required to file FTB 5805.
How to fill out ftb 5805?
To fill out FTB 5805, you need to provide your personal or business information, calculate the underpayment penalty, and provide any supporting documentation or explanations as necessary.
What is the purpose of ftb 5805?
The purpose of FTB 5805 is to report and pay the California Underpayment of Estimated Tax penalty. It ensures individuals and businesses pay their fair share of taxes and penalizes underpayment.
What information must be reported on ftb 5805?
On FTB 5805, you must report your personal or business information, calculate the underpayment penalty amount, and provide any necessary explanations or supporting documentation.
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