Hi, I have a few questions regarding a very particular situation.
Let's assume that I do business as a freelancer under my own name. (consulting services with no business registered - taxed as a sole proprietorship) but I also have an LLC (single member and taxed as a sole proprietorship with no employees) for other services I offer.
Here are my questions:
1) How would I report my income and expenses? Under one form for both my freelance activity and LLC?
2) How would I go about making quarterly tax payments for those two activities? I assume I need to somehow differentiate those payments? I mean I need to make tax payments for the freelance activity but also for the LLC
3) How to go about tax deductions? Should I report everything on one form for both activities?
4) From my understanding, the LLC doesn't need an EIN as it's considered a sole proprietorship?
Thanks in advance for your help!
