FTB CA 800.00 refunding in error :(
LacerteCalifornia minimum tax of $800.00 is functioning differently then last year. I don't see a law change. The program is refunding all of it on my S-corp????? That's not correct, even if you have a loss.
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01/24/09 5:10pm PST
Viewed by asker 01/25/09 9:51am PST
Viewed by asker 01/25/09 9:51am PST
1 Reply
02/27/09 7:37am PST
Latest post
Generally, the only time a 100S would refund $800 is if the total payments on line 35 exceeded the total tax on line 30, or if the S-corporation is not subject to the $800 minimum tax, as is the case with Initial Year returns. There are various entries that can either override the $800 tax amount, or prevent the minimum tax from applying to the S-corporation in the first place. You may need to contact Technical Support via phone at 1-800-933-9999, or via chat at https://my.lacerte.intuit.com/..., to review your entries and verify the program calculation.
