Extensions

Individual tax returns for 2013 can be extended to 10/15/2014. You can't extend the time to pay your taxes which were due on April 15, 2014, only the time to file the return. Any unpaid tax is subject to interest and late payment penalties until you pay it. Georgia charges 1% a month on unpaid taxes. Estimated taxes for 2014 which are due quarterly on 4/15/14, 6/15/14, 9/15/14 and 1/15/15 are also difficult to calculate without having done the 2013 tax return. Partnership and corporate returns for calendar year 2013 can be extended to 9/15/2014. You will have to pay a small penalty on the Georgia net worth tax for Sub S corporate returns filed later than the original due date of 3/15/2014. To avoid surprises, it is a good idea in my opinion to file these returns as soon as possible. Don't wait until the last minute.