To self-certify, a taxpayer merely completes a form (which will be released in the summer of 2018), and attaches that form to the taxpayer’s federal income tax return for the taxable year.

Quarterly tax payments are the same as with an S-corp or other entity.

If the seller carry back note is drafted in your name (i.e. the taxpayer) then the seller carry back note is taxable boot. 

@Jack B.Everyone's tax situation is different and for that reason - the title company will not withhold federal/state income taxes on your behalf and remit them to the federal government/state.One thing you may want to look at is if you are required to make estimated tax payments to avoid having to pay a penalty.Your accountant will be able to answer this question.

I don't have a tax paying job, a less than 500 fico score, no bank account or credit card and am living in a house that is being foreclosed on (not mine).   

Low cost housing will be forced and paid for by taxpayers.

I don't have an answer to your question but I do have a question: why should the tax payers subsidize your investment?

I'm not familiar with the mechanics off the tax payment plan, for the under paid taxes.

The taxpayer of this LLA is the seller on our agreement.

Thought it was crazy that the taxpayers paid their rent but they were "entitled" to scuff free kitchen floors.