Go Back   CDN Business Directory > Main Category > Taxes

 
 
Thread Tools Display Modes
 
Old 01-16-2004, 07:37 AM
Harlan Lunsford
Guest
 
Posts: n/a
Default Re: Withholding deposits...going from monthly to quarterly mid-quarter?

JM wrote:

- quote -

> So I had been filing my withholding deposits monthly, but
> looking at the amounts, I realized I would qualify for
> quarterly deposits (under $2500 per quarter).
> I looked at this in late November, after filing my October
> withholding (monthly.) I didn't pay a withholding deposit
> for Nov.'s liability.
> Now it's time to deposit November & December withholding
> with my 941. I plan on just using the payment voucher with
> the 941 form. I'm having second thoughts though...will the
> IRS see my skipping quarterly deposits and give me a penalty
> or will I be fine since I'm under the quarterly threshold
> still?
> Just want some opinions as to whether what I'm doing is
> okay.


NOT a problem. As long as total is < 2500$, then just pay
the balance with the 941.

Cheer$,
Harlan Lunsford, EA n LA

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
  #-1  
Old 01-15-2004, 05:04 AM
JM
Guest
 
Posts: n/a
Default Withholding deposits...going from monthly to quarterly mid-quarter? Is this ok?

So I had been filing my withholding deposits monthly, but
looking at the amounts, I realized I would qualify for
quarterly deposits (under $2500 per quarter).

I looked at this in late November, after filing my October
withholding (monthly.) I didn't pay a withholding deposit
for Nov.'s liability.

Now it's time to deposit November & December withholding
with my 941. I plan on just using the payment voucher with
the 941 form. I'm having second thoughts though...will the
IRS see my skipping quarterly deposits and give me a penalty
or will I be fine since I'm under the quarterly threshold
still?

Just want some opinions as to whether what I'm doing is
okay.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

Tags
depositsgoing, midquarter, monthly, quarterly, withholding
Similar Threads
Thread Forum Replies Last Post
Quarterly tax payments.
iebfr14: Will money actually help me make quarterly tax payments to the Feds and state. I know it helps calculate them but will it actually help fill out...
Microsoft Money 3 03-09-2008 12:14 PM
Quarterly Tax Payments?
RLC: I need help with a new scenario in my life. My questions may seem insignifcant to those with tax knowledge, however, I would appreciate you...
Taxes 4 08-22-2003 09:24 PM



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 09:56 AM.