The IRS will keep track of the number of coupons you use and will automatically send you additional FTD coupons when you need them. If necessary, the IRS will assist you in completing blank coupons, which can be used to make a deposit if you do not have pre-printed Forms 8109. To avoid a penalty, it is important that deposits be made timely. If the deposit due date falls on a Saturday, Sunday, or legal holiday, the deposit will be due by the next banking day. You must deposit the Form 941 taxes based on either a monthly or semi-weekly deposit schedule.
New employers are generally monthly depositors for at least the first year.
This is called the look back period. For example, taxes for January must be deposited by February 15th. Deposit requirements are discussed in Publication 15, Employer's Tax Guide. Main Page Back to Tax Help Archives Main Page Back to Uncle Fed's Main Page Copyright 1998 - 1999, National Tax Services, Inc.