USA Delayed W2 in S corp

[anthonyx]

Greetings,
I have a small S corp firm for freelance purpose, I am the single owner, I used to have sole prop before S corp.
At the end of the year, I though paying only income tax will be fine as I was doing when I used to have sole prop.
However i found that in S corp I have to pay payroll tax (w2 related taxes) in addition to income tax. I didnt know that and I didnt pay any payroll tax however occasionally I withdrawed from my profit.
Tax season came, I realized this is the case I have.
And I read that not paying salary to Scorp shareholder including yourself is red flad and has highly audit risk.
I want to file salary w2 forms but deadlines are already passed.

What could be the best option for me to correct my mistake?
I appreciate for your replies,
Best,

 

[kirby]

Deadline to send to EMPLOYEE is past due but NOT yet past due to send to govt. (called the W3 deadline which is March 3, at earliest)

So do it now!

 

[anthonyx]

thank you for your reply
how about 941 form ? I havent filed any 941 form yet

 

[kirby]

Correction to above - earliest W3 deadline is 2/28/14
as for the 941 it was due 1/31/14.
so you will have both a failure to file and a failure to pay penalty
and
BOTH of those will increase as time goes on so get this fixed ASAP