I did not pay quarterly taxes which means that I will pay the penalty, the amount is not big.
I plan to do 50% salary and 50% distribution.
My understanding is that the salary would be paid out via a W2 (generated by TurboTax) and the distribution via a K1.
However, since when using W2- the employer (the S-corp) needs to pay half of the employment tax. where do I do that? or is this too late? Do I need a software to do this? Your advice is highly appreciated
