6300 22 Mile Road, Suite 3
Shelby Township, MI 48317
(586) 323-1200 or (517) 455-7003
Federal Tax Deposits
Your tax deposit frequency is determined by a 'look back' period from July 1st to June 30 of the proceeding year. For example, to determine your tax deposit frequency for 2017, you would accumulate your 941 tax liabilities for the periods including July 1, 2015 through June 30, 2016. If the total liabilities for that period are less than $50,000, you are considered a monthly depositor for 2017. Your 941 tax deposits for any monthly period are due by the 15th of the following month. If the total liabilities for that period are $50,000 or greater, you are considered a semi-weekly depositor for 2017. 941 tax deposits for semi-weekly depositors are due as follows; If your check dates are on Wednesday, Thursday or Friday - your deposit is due by the following Wednesday. If your check dates are on Saturday, Sunday, Monday or Tuesday - your deposit is due by the following Friday. There is an exception to these rules though. If your accumulated tax liability exceeds $100,000 for any period, the tax deposit is due the next business day. Also, if you were a monthly depositor, you would automatically become a semi-weekly depositor for the rest of the year.