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Get your taxes done using TurboTax
Sorry for the confusion. It all seemed clear to me. We are a small family business, a multi-member LLC, and are just trying to get all of this sorted out for those of us who are new to tax estimates. We want to make sure the guaranteed payment can have enough set aside weekly for taxes, and then still have enough left for living expenses. But I see the confusion now. The LLC pays the guaranteed payment. Each member pays the taxes on that amount. We just need to get the amount of the guaranteed payment right, in order to cover the taxes on it, as well as living costs. Thank you.
‎January 28, 2023
8:21 AM