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Tax basics for limited liability companies (LLCs) - QuickBooks
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WebThese taxes need to be paid directly to the IRS in the form of self-employment taxes. The total self-employment taxes that you owe to the IRS is 15.3% which includes the following: 12.4% social security tax on earnings up to $137,700. 2.9% Medicare tax on all earnings. 0.9% Medicare surtax on earnings over $200,000. WebApr 3, 2024 · Regardless of which tax designation you elect for your LLC, you still have to file with the IRS. All owners will have to fill out Form 1040—your individual income tax … WebMay 27, 2016 · My work at StrategyCorp includes both technical contributions to solutions, as well as business development work. I enjoy collaborating with clients and colleagues to ensure we provide solutions that are efficient, and make business sense. My background includes tax planning and policy analysis, strategic planning, and leading high … food delivery in springfield ohio