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Financial Planning / Tax Strategies


Subject:  Re: Safe Harbor State of California Date:  7/13/2013  4:16 PM
Author:  vkg Number:  118863 of 127613

I am tired, I was thinking it was AGI for current year's income tax, and not previous years. 100% of last year's tax liability will be sufficient. Withholding should cover the safe harbor.

We are no where near the $1 million annual income. A bizarre requirement for California is that with $1M in income, taxes must be paid by electronic transfer. There is a penalty for paying by check.
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