Yes, you can do so. You would have to recalculate for each quarter and take into account what you already paid for the previous quarter(s). Generally, taxpayers should make estimated tax payments in four equal amounts to avoid a penalty. However, if you receive income unevenly during the year, you may be able to vary the amounts of the payments to avoid or lower the penalty by using the annualized installment method. You will need to use IRS Form 2210 to show that your estimated tax payment is due because of income during a specific time of the year. If not, the IRS assumes that you had the income throughout the year and simply underpaid your estimated tax. This could lead to a penalty. https://turbotax.intuit.com/tax-tips/small-business-taxes/estimated-taxes-common-questions/L1luHqVdl...
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