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Financial Planning / Tax Strategies


Subject:  Quarterly tax estimates Date:  4/6/2005  5:39 PM
Author:  gguillory Number:  78345 of 127987

As a partner in an LLC (receiving a K1, not a W2), receiving ordinary income, not earned income, and making estimated quarterly tax payments, does one also make quarterly SS and Medicare payments? Is one considered self-employed and therefore contribute the full 15%+ and 6%+?

Any help is appreciated,


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