Monthly Deposit Schedule

For Form 941 filers, you’re a monthly schedule depositor for a calendar year if the total taxes on Forms 941, line 12, for the 4 quarters in your lookback period were $50,000 or less. For Form 943, Form 944, or Form 945 filers, you’re a monthly schedule depositor for a calendar year if the total taxes on Form 943, line 13; Form 944, line 9; or Form 945, line 3, during your lookback period were $50,000 or less. Under the monthly deposit schedule, deposit employment taxes on payments made during a month by the 15th day of the following month. See also Deposits Due on Business Days Only and $100,000 Next-Day Deposit Rule , later in this section. Monthly schedule depositors shouldn’t file Form 941, Form 943, Form 944, or Form 945 on a monthly basis.

New employers.

For Form 941 filers, your tax liability for any quarter in the lookback period before you started or acquired your business is considered to be zero. Therefore, you’re a monthly schedule depositor for the first calendar year of your business. For Form 943, Form 944, or Form 945 filers, your tax liability in the lookback period before you started or acquired your business is considered to be zero. Therefore, you’re a monthly schedule depositor for the first and second calendar years of your business. However, see $100,000 Next-Day Deposit Rule , later in this section.