Get Answers To Your Tax Questions
H&R Block Tax Professionals relentlessly focus on making sure you profit from every deduction and credit available.
Finding answers to your tax questions is now less taxing.
How do I set up estimated taxes for my sole proprietorship?
Download Form 1040-ES at www.irs.gov. This gives you the form as well as guidance on figuring your estimated tax payments.
As a sole proprietor, you aren’t required to make estimated tax payments until your business has a net profit. The starting point for paying the estimated taxes can begin in any period throughout the year.