Quarter/ FUTA tax liability
What do you do?
First Quarter 200.00
Because the tax liability is less than $500, you don't need to make a tax deposit this quarter.
First Quarter 200.00Second Quarter +350.00
Because the tax liability has passed the $500 limit for the calendar year,
the IRS requires that you make a tax deposit for $550.00.
Assisted Payroll subscribers Assisted Payroll makes the quarter's
FUTA tax deposit for you. However, you are responsible for making the tax deposit
for any quarter in which you were not using Assisted Payroll. In addition, Assisted
Payroll makes tax deposits via EFTPS regardless of how much you have accumulated
in tax liability.