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New Member
posted Jun 3, 2019 11:51:48 AM

Just asking, what does it mean your a monthly depositer in regards to payroll taxes? and if i am a monthly depositer what would i report on form 941? Thanks!

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Alumni
Jun 3, 2019 11:51:49 AM

A monthly depositor means that your payroll is high enough that you need to make payroll deposits each month, then you file the 941 form each quarter for the 3 months of payroll.  Those monthly deposits will be shown on the total deposits - line 13 of the form 941.

1 Replies
Alumni
Jun 3, 2019 11:51:49 AM

A monthly depositor means that your payroll is high enough that you need to make payroll deposits each month, then you file the 941 form each quarter for the 3 months of payroll.  Those monthly deposits will be shown on the total deposits - line 13 of the form 941.