Reporting distributions.....(s-corp)

[Houseofpain]

I'm in the process of forming a S-corp (closed corp) & have the following concerns.

After paying myself a "fair" wage every month, do I need to file anything (throughout the year) if I pay myself corporate distributions on a regular basis? Or can I just keep corporate records of the distibutions, & just report it on the annual schedule K-1?

Is this the same at the state level for Arizona?


Thanks for the help......great forum!