You are a semiweekly depositor if the total taxes on Line 8 of Form 941 for
the lookback period were more than $50,000.
Use the following semiweekly deposit schedule to deposit taxes:
Payment days/deposit periods:
Wednesday, Thursday, and/or Friday
Saturday, Sunday, Monday, and/or Tuesday
If you accumulate a tax liability of
$100,000 or more on any day during a deposit period, you must deposit the tax
by the next banking day. The term "deposit period" refers to the
period during which tax liabilities are accumulated for each required deposit
due date. The deposit periods for semiweekly schedule depositors are Wednesday
through Friday and Saturday through Tuesday.
See IRS Publication 15, Circular E, Employer's Tax Guide, for more