Hello, as a 50/50 partner in an LLC partnership, I am not sure whether to enroll in EFTPS as an individual or a business or both?
Since the partnership is a pass-through entity, we each will need to pay our own FICA / Medicare taxes as well as our Federal income taxes on our individual tax returns.
I am guessing one of us could pay the quarterly estimated FICA / Medicare taxes on behalf of the business so that one of us would enroll in EFTPS as a business?
Then, to pay our estimated quarterly Federal income taxes, we would each enroll as an individual?
Just guessing here and I don't want to overcomplicate!
Thanks.
