What are my ongoing compliance obligations after formation?

Yes, there are several ongoing requirements after electing S-Corp status to maintain compliance with the IRS: Reasonable Compensation: S-Corp owners must pay themselves a reasonable salary, which is subject to payroll taxes. Every business has filing and compliance requirements, even before making revenue. Knowing what applies to you helps avoid penalties, missed filings, and account issues, especially if you are a non-US founder. Get started with doola Taxes https://app.doola.com/taxes US Taxes can be overwhelming and complex. the company have simplified it for businesses below. the company got their back. See which bucket is applicable to businesses & this will help businesses with all the relevant tax compliances businesses need to do. To file a tax extension, submit the required form (e.g., IRS Form 7004 for businesses) by the original deadline. An extension gives you more time to file your return, but you must still pay any estimated taxes owed by the original deadline. Rejections can happen due to internal risk rules, address type, country restrictions, industry category, unclear business activity, or automated screening—often without a detailed explanation. Even complete documents don’t guarantee approval. You can try reapplying with stronger evidence (website, invoices, clearer business description), a compliant physical address, or choose an alternative bank with different risk thresholds. Most business types in the United States will extend their filing period by filing Form 7004 (Application for Automatic Extension of Time to File). The extension form is due by the original due date for the return.