| The good news for you is that the S corporation is generally not subject to federal income taxes. Thus, there is no need to pay any estimated federal income taxes.
The reason for this is that the net profits from the S corporation known as distributive share of profits to the shareholder are reported on form K-1 to each of its individual shareholder. The individual shareholder will include the amounts included on the K-1 on their individual tax return and pay taxes based on the extent of profits if any, reported on their K-1. | 
