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Self employed
@IDCM. So most Limited Liability Company’s are disregarded entities for federal tax purposes. They would file their income and expenses on either Schedule C or E. A multi-member LLC would need to file either a Form 1065 or an 1120-S. The income and expenses would then flow through to the partner, 1065, or shareholder, 1120-S, through a K-1.
So quarterly taxes would be associated with both a disregarded entity or a Form 1065 or and 1120-S.
If you want to add to this @IDCM by adding whether this is a single or multi-member LLC you are contemplating, I will supplement this answer.
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August 30, 2023
10:01 AM