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Business & farm
Thank you for the help!
We are an LLC that is a disregarded entity.
Last year our LLC took a loss as we are in start up mode.
My w-2 job paid all of my bills.
We did have some revenue last year but since we took a loss do I need to pay quarterly taxes this year?
If so would I just need to estimate what our revenue is going to be minus expenses. Then multiply that number by my tax rate and divide that by 4 to get the quarterly monthly payments?
‎June 19, 2022
7:09 PM