This member is an active member (member-manager), and receives weekly guaranteed payments. We are trying to figure out what the quarterly tax estimates will be this year, because there will be a significant increase in the amount given out as a guaranteed payment. The amount given is what should cover all living expenses. We individually "set aside" weekly what is owed in taxes in order to be ready for each quarterly payment. If you receive $1000 a week, do the taxes owed on that $1000 need to come directly out of that $1000 given? Or, can you give out that $1000 as a guaranteed payment, and then transfer an additional $200 for taxes owed on that $1000 to another account where it will remain until time to pay the tax estimate? The way I understand it now, is that the total $1200 would have to be given out as a guaranteed payment, so therefore instead of the guaranteed payment being $1000 a week, which would be enough to live on, it would need to become $1200. Taxes would be owed on the $1200, and not just the $1000. Is this the way it has to be done? Thank you
