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Any reason why the FTB would send back the underpayment penalty $$ amount Turbotax figured and I included with my tax payment?
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The penalty is just an estimated amount. It's common for the IRS or state to refigure it and send you a refund or tax due foe more.
I have had the IRS send back $$ that I extended in a preemptive attempt before the actual bill came. This is the CA FTB so I'm not sure what it means by their sending back $$ already. Maybe they want to do their own calculation first?
Thanks, VolvoGirl, I figured same.
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