I never filed my 1st quarterly taxes for my business (s-corp) how will that affect me?

  • Thread starter Thread starter ileananyssa
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ileananyssa

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I have a small business (I'm the only employee). I became an s-corp in february and opened my business bank account in march and began paying myself. The first couple of weeks I transferred money from my business account to my personal account until I found out I should write checks to pay myself. I have records of all my transactions. Also, I never paid my 1st quarterly taxes. What should I do? Will I be penelized for this even if I just started my business? I'm ready to pay my 2nd quarterly taxes. Should I include the 1st payment with the 2nd or is there a certain form I need? Help please!!!
 
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