Determine if You Are a Monthly or Semiweekly Schedule Depositor for the Quarter
The IRS uses two different sets of deposit rules to determine when businesses must deposit their Social Security, Medicare, and Federal tax withheld. Your deposit schedule
is not determined by how often you pay your employees, but rather on the total tax liability you reported on the total of your Forms 941 filed between July 1 two years ago through June 30 of last year. Clear as mud?
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