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Get your taxes done using TurboTax
If your you and your wife are filing jointly, there should be no issue with your annual tax liability (joint income; joint liability).
Since you do not file quarterly returns and still have a self-employment tax liability, you should be filing form 944 and W-3; the basis of which is your gross revenue (from the LLC), if a sole proprietor or your salary if you carry yourself, as an employee.
Hope that helps.
March 29, 2024
12:38 PM