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California state form DE-4P to help determine your tax withholding. UC will also accept these forms instead of this form for your tax withholding election. There are penalties for not paying enough tax during the year, either through monthly withholding or estimated federal tax payments. IRS Publication 505 explains the estimated tax requirements and penalties in detail. IRS Publication 575 provides general information on the taxability of annuities. These publications are available from...
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