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ABC Company, a California taxpayer, filed their 2023 tax return with a total tax liability...

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Accounting

ABC Company, a California taxpayer, filed their 2023 tax return with a total tax liability of $75,000. They made all payments electronically for the 2023 tax year. For the 2024 tax year, ABC Company anticipates a lower tax liability of approximately $40,000. Based on the information provided, is ABC Company required to use e-pay for their 2024 tax payments?
Yes, because they filed a tax return electronically for 2023
Yes, because they made electronic payments for 2023, exceeding the $20,000 threshold
Maybe, depending on the specific method they use to file their 2024 tax return
No, because their anticipated tax liability for 2024 is below the $80,000 threshold

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