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March 6, 2021
Question

Sole Member LLC Paying estimated taxes

  • March 6, 2021
  • 1 reply
  • 0 views

I am the sole member of an LLC. I file jointly with my spouse. If I want to pay estimated taxes, can I use his SS# or do I have to use my own if we file jointly? If I use his wouldn't it be calculated anyways when we file the schedule C?

    1 reply

    ColeenD3
    March 6, 2021

    It doesn't really matter since you file jointly. The estimates will be applied to your return, regardless of what generated the balance due.