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Business & farm
@Rick19744 Thank you for your reply. I failed to mention that my wife and I live in Florida, which is not a community property state. But we finished our taxes and filed a 1065 so we are squared away. We have another question though. What is the best way for us to pay our quarterly taxes? We understand that we are not required to pay them, as a multi-member LLC, but would like too. For 2020 we chose to make the four payments, two to my social and two to my wife's social. This got a little confusing, although we don't feel will be a problem with the IRS. We also setup our LLC with the IRS's EFTP's system, but since it was with the LLC's EIN I believe this was wrong as again we are not required to pay taxes through the business. Would it be better to just pick one of us and just make all the payments through that one social, since we file a joint tax return? Or what is the most ideal way for us to pay our estimated quarterly taxes?