sutherlandws
Returning Member

How do I calculate quarterly taxes if I have regular income, filing married/jointly, and have a new LLC with NO net income in Q2?

I was let go from my prior job Jan 31st of this year and received severance pay, accrued vacation, and 1/month normal pay, all with taxes pulled out.  I set up an LLC (single person) for possible consulting, with NO income in Q2. My wife has a job with regular income, with taxes pulled out. We have field married/jointly every year.  I need help figuring out what I need to do for Quarterly taxes for my LLC if I have 0 (net negative) income for Q2.