IRS - Small Business Tax Workshop, Pt.7

This is part 7 of an 8 session series.

Lesson 7: Tax Deposits and Filing a Return to Report Payroll Taxes

• Making Tax Deposits
• Deposit Due Dates
• Determining Deposit Schedule - Using Lookback Period
• Monthly Depositor
• Semiweekly Depositor
• $100K Next-Day Deposit Rule
• Late Deposit Penalties
• Electronic Fund Transfer for Federal Tax Deposits
• Reporting Payroll Taxes
• Completing Form 941
• Wage Base
• Penalties and Interest
• Benefits of e-File
• Outsourcing Payroll Duties