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Level 2

Filling Form 1040-ES with no income

I established my affiliate marketing business in Hawaii as a sole proprietor in November 2019. No income so far. I’ve already filed my quarterly tax return for Hawaii. I’m wondering if I need to file 1040-ES even if I haven’t received any income so far?

2 Replies
Expert Alumni

Filling Form 1040-ES with no income

No you will not have to file a 1040-ES since you have not received any income for your new sole proprietor business in 2019. 


Since this is an new business you may consider filing 1040 ES for 2020.

In most cases, you must pay estimated tax for 2019 if both of the following apply.
1. You expect to owe at least $1,000 in tax for 2019, after subtracting your withholding and 

    refundable credits.
2. You expect your withholding and refundable credits to be less than the smaller of:
     a. 90% of the tax to be shown on your 2020 tax return, or
     b. 100% of the tax shown on your 2019 tax return.


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Level 15

Filling Form 1040-ES with no income

Just to help you out with the terminology, becuase in many cases it can really matter.

You don't "FILE" quarterly taxes. you "PAY" quarterly taxes. If you pay via the U.S. Postal service, you include the 1040-ES payment voucher.

You only "FILE" taxes once a year.

You "PAY" quarterly taxes 4 times a year.


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