Business & farm


@rodsteph777 wrote:

....So it will be a two member LLC. At the end of the year we plan to file Married filing jointly....


Unless your LLC will be wholly owned by you and your husband as community property in a community property state (Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, Wisconsin), you will have to file a Form 1065 for the LLC (or Form 1120 or 1120-S if you make an election for the LLC to be treated as a corporation for federal income tax purposes).

 

See https://www.irs.gov/pub/irs-drop/rp-02-69.pdf

 

 

The link below (an IRS web site) has information regarding estimated (quarterly) tax payments.

 

https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes