Hi! So I am technically and independent contractor for a non-profit but I haven't worked in months. I sometimes get small jobs and work a few hours but it isn't consistent or guaranteed. Do I still need to be filing quarterly?
Individuals, including sole proprietors, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed. Individuals, including sole proprietors, partners, and S corporation shareholders, generally use Form 1040-ES, to figure estimated tax.
You don’t have to pay estimated tax for the current year if you meet all three of the following conditions.
You had no tax liability for the prior year if your total tax was zero or you didn’t have to file an income tax return.
https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes
@isab1 Thanks for the question!!