blw0414
Returning Member

LLC and full time job paying estimated tax

I own an LLC but also have a full time job. I have done one consulting project under the LLC and don't expect to do more. This project will result in greater than 1K in tax liability - do I make a one-time quarterly payment? What is the best way to make this payment?

 

My income from full time employment will exceed the maximum amount for social security - do I need to pay self employment tax on the amount of income from the project if my total annual income will have met the max?