Publication 3151 a Rev 2 the ABC's of Federal Tax Deposits Form

Instructions and help about Publication 3151 A Rev 2 The ABC's Of Federal Tax Deposits

[Music] one of the biggest responsibilities as both an employer and a payroll provider is making sure that payroll taxes are paid on time the biggest payroll taxes usually always the Federal Deposit or the 941 tax payment and that is the employees federal withholding and then the employee Social Security and Medicare and the employer Social Security and Medicare so there's two deposit schedules when it comes to these taxes the first is monthly and the second is a semi-weekly deposit schedule keep in mind that these deposit schedules have no bearing or no relation to your pay schedules with the exception that if you're on a semi-weekly deposit schedule when you pay wages does dictate when the tax payment is due but you can be excuse me you can have a weekly payroll in it in a semi-weekly deposit schedule you can have a weekly payroll and be on a monthly deposit schedule so the way the IRS determines when you're IRS tax payments are due is based on a look back period so for 2023 the look