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Get your taxes done using TurboTax
FYI ... what Opus was referring to is valid ... if you are taking money out of the company all year long and not just at the end of the tax year then you really should be taking a paycheck at least quarterly and having withholding coming out of the paycheck and filed with the form 941. This way you never have to answer an IRS letter for underpayment penalties or file the 2210AI to prove them wrong. Payroll doesn't need to be even throughout the year but it really should be done at least quarterly and not just at the end of the tax year like you are doing.
‎January 4, 2022
8:15 AM