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State income tax adjustment
originally posted: 11/22/2006
reposted: 2/18/2011 This post has not been recently
reviewed or revised by the author and may be out of date. If in doubt,
please send a new question or ask for an update.
Q:
The state sent a bill saying that I owe additional tax for 2004. What is this about?
A:
This is a common situation. State income tax calculations do not allow all of the deductions taken for federal income taxes and some of those deductions were missed when your taxes were originally filed. Whenever there s any doubt, it generally makes sense to take the same deductions on your state return as on your federal return and then pay the balance due on the state income tax return when adjusted. There is no penalty or interest involved in this case. So you probably handled it the best possible manner, so there is no reason for concern.
Summary
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