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Guaranteed Payment!

What is the purpose of guaranteed payment in the LLC?
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bob   wrote on : Thu May 24th,2012   Back to Article

I am trying to qualify for social security and need 12 quarters. I am trying to determine if guaranteed payments are subject to social security or other taxes.

Reply :

Dear Bob:

Thanks for choosing for your business and personal needs. Yes, Guaranteed Payments are subject to Social Security Taxes.

For more details please use the following link.

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