I live in California and own two LLCs, sole member. Using the IRS website I got an extension until October 15th to file my federal taxes,and I think that automatically gave me the same extension for state 2024 taxes. When I got the extension in April I didn't pay the $800 minimum tax due then to California for 2025 for either LLC. So I understand there is going to be penalties and interest involved with that. The problem is, TurboTax thinks this is an April filing. How do I get TurboTax to understand I'm filing in October and didn't pay the $800 back in April?
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I think I was able to answer my own question. Apparently I'm just supposed to pay the $800 and they'll bill me for the penalties and interest.
@jbinsantamonica wrote:
I think I was able to answer my own question. Apparently I'm just supposed to pay the $800 and they'll bill me for the penalties and interest.
Correct.
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