Form 5805 for California calculating an underpayment penalty using the annualized method is not properly taking into account the extended 540ES deadline to July 15. I made a large 540-ES payment on July 15 to account for capital gains in May, but the 5805 worksheets are flagging me as underpaid for the quarter ending June 15 and assessing a penalty.
I'm hoping this is just a bug in the early version of the form.
https://www.ftb.ca.gov/about-ftb/newsroom/covid-19/extensions-to-file-pay.html
https://ttlc.intuit.com/community/tax-topics/help/is-the-tax-deadline-delayed-what-to-[product key r...
