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negan14
Returning Member

1120S CA State Underpayment $40

I'm working through the state 1120S form and I get to a certain point and TurboTax notifies me they've calculated that I have an underpayment of $40, in additional to the annual fee of $800.
There's no explanation of why this is owed. Please help?

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4 Replies
DaveF1006
Employee Tax Expert

1120S CA State Underpayment $40

You may need to contact phone support so they can pinpoint your specific issue. 

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1120S CA State Underpayment $40

I have the same issue, Turbotax Business told me that I owe an underpayment penalty based on my input on 2020, S-Corp pass K1 to owner, why there is an underpayment penalty? Is it somewhere I input wrong?

Thanks for your help.

1120S CA State Underpayment $40

anyone could help for this issue? ready to file now.

thanks

1120S CA State Underpayment $40

anyone could help for this issue?

thanks

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