TT created '19 1040ES forms for me. Do I have to use those values? I am reasonably certain that our income will be less, by 33%, for '19?

johndcrumpton · ‎June 1, 2019

The es forms created for us have payment amounts based on our '18 filing... but we know that we will be earning less for '19, but about 1/3... Can I pay estimates based on expectations rather than last years filling?

Ashby · ‎June 1, 2019

Yes, you absolutely can. The 1040ES vouchers are auto-generated by the program based on your latest tax filing. So, you need to use your own discretion. If you know income will be lower, then pay a lower amount. You can even use the same vouchers and write in the actual amount.

The generated forms are in no way required filings to the IRS.

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Ashby · ‎June 1, 2019

Yes, you absolutely can. The 1040ES vouchers are auto-generated by the program based on your latest tax filing. So, you need to use your own discretion. If you know income will be lower, then pay a lower amount. You can even use the same vouchers and write in the actual amount.

The generated forms are in no way required filings to the IRS.

TT created '19 1040ES forms for me. Do I have to use those values? I am reasonably certain that our income will be less, by 33%, for '19?