I started my business as a partnership. I've been paying myself and my partner wages and having taxes withheld, which now I understand wasn't the way to go. I filed our partnership return and included my wages in Guaranteed Payments and now it looks like I am going to pay self-employment taxes on my portion of the net income from the partnership AND on the Guaranteed Payments (which were my wages) through my personal tax return (even though payroll taxes were already withheld). How can I address this situation?
