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Message
Not paying quarterly taxes this quarter
Posted on 1/8/16 at 11:52 am
Posted on 1/8/16 at 11:52 am
I started my business in late 2015 but have not had any income at all yet since I haven't gone operational yet. Do I still need to file quarterly taxes due January 15th?
2
Posted on 1/8/16 at 12:05 pm to Liverflipper
I can't speak to your entire tax situation, but if you did not receive any income in 2015 related to your sole proprietorship, you would not need to make an estimated tax payment related to that business by January 15th.
Posted on 1/8/16 at 12:55 pm to Liverflipper
Generally speaking, they give you a while to figure it out unless you're making a substantial amount of money.
Posted on 1/8/16 at 7:40 pm to krehn11
Thank y'all for the responses.
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