You REALLY need to be consulting with and going to a tax professional for AT LEAST the first year of a corporation. Many things need to be done differently and a good tax professional can help you with that.
As a side note, what made you decide that an S-corporation is the best way to be taxed? Again, I HIGHLY recommend going to a good tax professional to determine if that is the best way to be taxed or not. And be aware that there is additional paperwork/record-keeping and additional expenses for a corporation (such as being on payroll).
