If I didn’t work the first quarter of the year, do I skip that quarter when filing my 1040 ES?

by Scott Rubinsky, CPA | Jun 05, 2018

I understand that when doing estimated taxes, we are supposed to pay every quarter. What if I didn’t work the first quarter (January to March)? Do I just go about the 1040 ES and skip that quarter?

You do not need to pay estimated taxes if there was no income during the quarter.

However, you may want to make four quarterly estimated payments based on your projected annual income.

For more resources, check out PICPA’s Money & Life Tips, Ask a CPA, or CPA Locator.

Answered by: Scott Rubinsky, CPA, is a sole practitioner in Huntingdon Valley, Pa.

The responses are based on the limited information provided by the questioner and apply the laws and regulations at the time of posting. Other options could arise as rules and regulations may change over time, including but not limited to the passage of the Tax Cuts and Jobs Act of 2017. They are intended to provide general information, not specific accounting or tax advice; they are not intended or written to be used and cannot be used for the purpose of avoiding or evading taxes or penalties under the IRS code or regulations. Views expressed do not imply an opinion of the PICPA, its officers, directors, employees, or members.
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