What if QB says I owe $0 in quarterly taxes?

If I don't owe. Do I still need to file a tax document or form showing the $0 amount?

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Answer

Glad to see you here in the Community, roniboy.

Let me share some information about estimated quarterly taxes in QuickBooks Self-Employed.

If your estimated taxes for your Quarter 2 is $0, then you no longer need to make a $0 tax payment and file a 1040(ES) form either.

You have to options when paying your federal estimated quarterly taxes in the future:

  • Mail payments. This option is free. You'll fill out a voucher (1040-ES) and mail it.
  • Make payments online. Upgrade to our tax bundle and make payments online directly from within our product.

Here's more information on this article: Pay federal estimated quarterly taxes.

You can check this article from the IRS for more information: https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes.

That should get you going. If you have follow-up questions about your estimated taxes, let me know by leaving a comment below. I'm always glad to help in any way I can. Have a great weekend.

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IntuitMaryJoy , Community Support Specialist
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