I submitted form 2553 via fax last week. When do I start payroll for myself? I don’t know if my election is approved. Created an LLC in 2023. Will be filing Sch C for 2023 taxes. For 2024 I want S Corp status.
do I call IRS to confirm. Will I be penalized if I’m approve later and I didn’t file payroll taxes?
This is my S Corp. no employee. Can I pay myself every 6 months? Or does it have to be weekly/monthly
