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Business & farm
First an S-Corp is a pass thru entity and you must pay yourself wages and file payroll tax returns timely before you can take draws. It is a pass thru entity so the federal taxes are still paid on the not the corp return.
Next, have you incorporated yet ? When you got the EIN when did you indicate the corp would start ? When did the IRS confirmation notice indicate the corp would officially start ?
‎October 10, 2020
6:18 PM