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Should I pay my estimated tax?
I started my self employment in July 2021. No previuos work in US and I have not filed any tax return yet. I was told that I can choose not to pay my estimated taxes this year. Do I really can do that and pay all my taxes with my anual tax return instead?
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Should I pay my estimated tax?
IRS says:
"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
- You were a U.S. citizen or resident for the whole year
- Your prior tax year covered a 12-month period
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. "
I suspect you don't meet all three conditions. namely, the second one.
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Should I pay my estimated tax?
When it is time to prepare 2021 tax returns :
NON RESIDENT ALIEN
If you are a non-resident alien, your return must be filed on Form 1040NR, which cannot be prepared using TurboTax. You can use TT’s partner, sprintax:
https://www.sprintax.com/non-resident-alien-tax-1040nr-turbotax.html
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