Dear TaxGuru,

Thanks for your reply. I really appreciate it!

But, if I dont take a salary, how do I pay my taxes, do I pay at the end of the year, if so I would have to pay a heck of lot of taxes due to my profits being over $50,000.

Also, I would have to pay penalties right, and interest for late payment. But, isn't there a way to avoid all that?

I would like your valuable input again, thanks again!