LLC tax Liability Question

[joecolelights]

I am a partner in an LLC.

Paying federal taxes the tax liability for the partnership fell on us the partners via the K forms.

How does my company give me money to pay for it's tax liability without that being claimed as 1099 income and then later being double taxed on this amount next year?

Hopefully that's simple enough?

 

[tranquility]

It can't. You have to have the organizing documents take responsibility for the taxes owed and then pay it directly from the LLC funds. You would need to then issue the proper K-1's to the partner/members.