Extended Returns for 2017 and Estimated Taxes for 2018

If you paid estimated taxes for 2017, you should plan on paying estimated taxes for 2018 even if we have extended your 2017 tax return. You should at least pay in the same federal and state quarterly amounts for 2018 that you paid in 2017. I will adjust the 2018 estimates when I finish the 2017 tax return. The next quarterly estimate is due on June 15 so it would be helpful if we could finish your 2017 tax return by then. You pay an underpayment penalty of 5% on an annual basis for unpaid 2018 federal taxes at each quarter due date. The GA amount is even higher. Let me know if you need any quarterly estimate forms.