Can i pay unequal quarterly payments?
First time LLC owner. For this first year.. can I pay tax on the net profit each quarter instead of trying to estimate? I am online marketing, so right now I have no idea what profit the year will bring.
First, congratulations on being a first-time LLC owner!
To answer your question, yes, you can pay tax on the net profit each quarter via Form 1040-ES instead of trying to estimate what your profit will be for the entire year. Your approach is perfectly reasonable and acceptable. To answer your other question, you can pay unequal quarterly payments for estimated income taxes.
Feel free to contact me if you wish to engage me to help with anything. Even though I practice as a CPA in Texas, I have clients in other states, as I do multi-state returns.