As the sole owner of a Sub-S corporation, any compensation that the corporation pays you (you have to think of the corporation as a separate entity) is to be reported as wages, on a W-2.
You're supposed to withhold income taxes, and employment taxes (Social Security and Medicare and FUTA) on your wages, and the corporation pays the employer's part of those payroll taxes, and the corporation files quarterly tax returns during the year to report the payroll taxes and withholding and makes payments, usually monthly, with the IRS.
You are late in doing this, although there is still time to file a W-2 with Social Security (2/29 for paper file, 3/31 for efiling).
You are definitely late because you haven't been withholding and reporting properly all year. You can file these forms (941s /940) late with the IRS, but you will be subject to penalties.
I urge you to consider finding a tax professional to help you get back on the right track with the IRS as soon as possible, at least to get you started in the right direction.
Please see these links for more information: https://www.socialsecurity.gov/employer/filingDeadlines.htm
https://www.irs.gov/uac/Wage-Compensation-for-S-Corporation-Officers
https://www.irs.gov/pub/irs-pdf/p15.pdf
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
