Business & farm

OK ... let's get the terminology sorted out ... a "paycheck" doesn't have to be any special check or even be made using a payroll company.  You can still just write a check from the business account to yourself and deposit it into a personal bank account.  You may even pay estimated payments quarterly out of the personal account to cover federal & state income taxes, it should not be paid from your business account (that would then be considered a draw not a paycheck).  But they cannot cover the FICA taxes.  You cannot wait to file the FICA taxes on your tax return ... you will incur big penalties & headaches you don't want.

But  ... what you MUST  do is file payroll tax reports and pay the employer & employee FICA taxes in a timely manner.  You may be able to do monthly payroll reports but you will need to see what forms your state requires of you.    If you have no idea what I am talking about then get educated ... call a payroll company like ADP or a local company so you can get things set up correctly.  

I highly recommend you seek professional help getting your payroll & books set up correctly so you can avoid expensive penalties & interest in the future.  Since you told the IRS you wanted to be taxed as a business you need to comply with all the tax laws that entails.

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