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
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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.

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