Question

I just started a single member LLC this year, and I have yet to see any money come in. Do I need to do quarterly tax estimate payments if I had not made any money?

Forum|Forum|5 years ago
March 29, 2021
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TurboTax Premier Online

You only need to pay estimated taxes if you expect to have income in 2021.

Please read this TurboTax article for more information.

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greenknight52800Author

I am having trouble estimating the taxes since I have not been able to drum up business. Can I skip this quarter since I've made nothing and make a payment next quarter if business picks up. At this point my estimate would be zero based on business.

ColeenD3

Yes, you can evaluate each quarter to base it on your income.

I just started a single member LLC this year, and I have yet to see any money come in. Do I need to do quarterly tax estimate payments if I had not made any money?

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