Year end bonus to pay S-corp taxes
I own an S corporation (Medical PC) in New York. I'm the only share holder. I made estimated payments for the first two quarters, that turned out to be much to low, since the the profit of the corporation is much higher that anticipated. Rather than bumping up my remaining two estimated tax payments by a significant amount (5 fold) and invoke scrutiny by the IRS, can I simply increase my remaining paychecks and increase the withholdings to make up the difference? OR, more extremely, can I wait until the end of the year and pay myself a big bonus paycheck that goes entirely toward taxes and covers the tax liabilities for the entire year?