Question

As the owner of a newly formed LLC, do I pay estimated taxes under my SSN or EIN? Or both?

Forum|Forum|2 years ago
August 30, 2023
2 replies
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During the previous tax year, I was self-employed as an independent contractor and paid estimated taxes under my SSN. This year, I have continued to make estimated tax payments under my SSN. But since having formed an LLC, should I be making estimated tax payments under my EIN instead?

Ask the Experts - Self-Employed - Aug 2023

Laura_CPA

Hi SW2023,

If you are the only member in the LLC, you may continue to use your social security when paying your estimated tax payments (since you will be filing Schedule C, there's a place on that schedule that you may provide your EIN).

Hope this helps,

Laura

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S

SW2023Author

Thank you, Laura!

KarenL4

Hi,

If you are a sole proprietor with an LLC, continue to make your estimated payments using your social security number. The LLC is what the IRS calls a "disregarded entity."

These resources may be of assistance if you want to learn more..

https://www.irs.gov/businesses/small-businesses-self-employed/online-ein-frequently-asked-questions

https://www.irs.gov/pub/irs-pdf/p1635.pdf

Hope this helps!

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Best,

Karen

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