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Old 01-19-2007, 08:33 AM
abax abax is offline
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Join Date: Jan 2007
Posts: 39
How is the profit from my LLC reported to me?

I am one of three partners in our LLC business, how does my share of the profit get reported for tax purposes. I have not paid any taxes this year, and my LLC partner who handles the money, says he is not required to pay taxes on my behalf!

I am confused, this is very confusing! Who pays the taxes and how does one know what to pay?
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