California FTB Releases Form 540-ES, Estimated Tax for Individuals

The California Franchise Tax Board (FTB) March 1 released 2019 Form 540-ES, Estimated Tax for Individuals, along with instructions. Estimated individual income tax payments can be made in four installments, which are due by April 15, June 17, Sept. 16, and Jan. 15, 2020, respectively. The FTB also provided a 2019 Estimated Tax Worksheet for taxpayers to figure the required payment amounts. The instructions include information on: 1) taxpayers who must make the payments; 2) limit on the use of prior year’s tax; 3) how to use the form; 4) the address at which taxpayers must mail the payments; and ...