Will paying 110% prior year estimated tax protect me if I earn $1 million?

September 23, 2011

Date:   Mon, 9 Nov 2009
From:   Tim

With respect to the prior year exception for California estimated tax purposes, does the 110% prior-year exception still apply if you expect your 2009 AGI to exceed $1 million?



Date:   7 Dec 2009

Hello Tim,

No. It stinks, doesn’t it?

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Good luck!

Mike Gray

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