Hi Everyone,
I opened a sole-proprietor business a couple weeks ago and plan on closing it at the end of this month. I generated no profit, nor did I have any expenses. I also have a regular full time job (my employer withholds tax as normal). I normally file married, jointly with my husband each year.
My question is, do I have to pay a quarterly tax payment for this quarter?
If so, do I calculate all self employment income (which is $0), plus my regular job income, and my husband’s regular job income for the estimated quarterly payment?
Do i I have to continue paying any quarterly payments if I am required to this time?
Thanks!
