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Estimated Tax Requirements. When you have an LLC, it is generally advisable to make quarterly tax payments. However, the IRS does not require every business to make quarterly tax payments. If you do not expect to owe taxes of $1,000 or more when you file your tax return, you do not have to make quarterly tax payments.If you did not have any tax liability for the previous year and you were a U.S. citizen or resident for the whole year, you can also avoid quarterly tax payments.ave. One of the primary reasons that people use an LLC is the pass-through taxation that it provides. Instead of having to file a business tax return, you can simply file and pay your taxes as personal taxes because all of the LLC's profits are paid out to the LLC owners (members).
Having your LLC taxed as a disregarded entity is less complex than being taxed as a corporation. You donât need to file any additional forms with the IRS, and you can report all of your business income and expenses on your personal return, rather than having to file a corporate tax return.