We will be married in October, so filing jointly for the first time for tax year 2024. I am employed full-time, but he has started a single-member LLC in 2024. So this is also the first time we've ever had to deal with self-employment taxes. We only have 5-weeks of data from the income but I'm attempting to fill out the estimated tax payments form 1040ES.
I noted on a different post that it doesn't matter where the tax payments are coming from, estimated payments or withholdings, but I wanted to clarify whether it matters that there is an LLC?
- Can I withhold more money from my paycheck on his LLC's behalf, or does the payment need to come from his LLC?
- If the answer to #1 is no, should the payment be made from his LLC's EIN, or SSN?
- When filling out the Estimated Tax Worksheet, should it be filled out only for his LLC's estimated earnings and expenses, or should I be filling it out looking at my income as well? And if so, do I somehow factor in the withholdings that are already being paid on my behalf?
Thank you!
