Semiweekly Depositor: Employers who reported a tax liability of more than $50,000 during the lookback period Monthly depositors must deposit their employment taxes collected and contributed during a month by the 15th day of the following month. For example, you must deposit taxes collected in ...
If you're a semiweekly depositor, you'll need to fill out Form 941 Schedule B and attach it to this form if your tax due for the quarter exceeds $50,000. Your tax due for each day of the quarter is broken down on Schedule B. Filling Part 3 & 4 of Form 941 If your firm close...
This section of Form 941 is for your quarter’s deposit schedule and tax liability. In Part 2, you’ll record whether you deposit on a monthly or semiweekly schedule. For the monthly depositor, you’ll fill in Month 1, Month 2, and Month 3 boxes. The total on of these three boxes ...
You need to check box 3 if you were a semi-weekly depositor during any part of the quarter. Then you need to enter the tax liability on Schedule B (Form 941), Report of tax liability for semi-weekly, schedule depositors. Then you will need to attach it with form 941 in case you we...
Semiweekly Depositor: Employers who reported a tax liability of more than $50,000 during the lookback period Monthly depositors must deposit their employment taxes collected and contributed during a month by the 15th day of the following month. For example, you must deposit taxes collected in ...