My wife is co-owner of a business, which is a multi member LLC(her and someone else). They don't have any employees under their payroll since they are the ones that provide the service themselves. That's where I'm wondering about them filing or paying quarterly taxes. They do not receive a percentage of the total revenue made by both, but their income is based on the services they each provide to a customer. The only thing they go 50/50 on is their expenses, such as rent, supplies, bills, etc. I'm wondering what forms they have to file during the year or annually.
No, the LLC does not have to file or pay quarterly taxes, but your wife as a self-employed individual will need to file an pay quarterly taxes. An LLC has no tax liability (other than employee taxes which you state there are none). All income flows through to each partner and is taxed at their individual rates. One of the easiest ways to do this is to go to pay.gov, create an account and then make a payment based on the income she received during that quarter.
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