salary, w2, payment
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I operate a consulting company, under an LLC
How do I pay myself a salary, how do I pay the IRS and do I issue a w2 form showing my personal income?
How are you filing your tax returns? How is your entity registered with IRS? Only if you are a corporation you can take a Paycheck and issue a w-2.
Gita Faust
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If you are an LLC & run as a sole proprietor you don't take a pay check. All income will be taxed to you personally. You will need to file personally 1040-ES to pay you taxes quarterly.
You need to discuss this with your accountant.
Hope this helps. If so please mark solved, if not please ask more questions. Thanks!
Ray White
http://community.intuit.com/me...
http://www.raywhiteenterprises.com

