Solved
Do I still need to submit a 1040 ES for estimated taxes in 2017, if I don't plan on taking in any money?
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MargaretLAnswer
Alumni - Intuit
June 4, 2019
It is not really optional to not pay estimated payments but it does depend on your situation. The rule is that you must pay your taxes as you go. If at filing time, you haven't paid enough taxes through withholding or quarterly estimated payments, you may have to pay a penalty for underpayment. But if you are certain that your other withholdings will cover your considerable smaller income, since you are not planning on taking out any money, and in fact it does, then you won't be subject to the penalty.
