Employment Taxes?: Depositing With the IRS

Topics:
Commercial Banking,
Taxes
Tags:
Bank,
Finance,
Financial Planning,
Financial Services,
Free Trade,
Internal Revenue Service,
Pointshop,
Taxes
Source:
Pointshop

FREE Registration is required

Overview: To pay employment taxes, a person must deposit the money with the IRS. As is typical with tax situations, the payments are not actually made to the IRS. Instead, a person must deposit the employment taxes with a federal depository. Moving the burden to the private sector, the IRS requires most banks to act as depositories. If the business has just started hiring employees, the person needs to ask the bank if they act as a depository. If they do not, the person may want to change banks. To deposit the taxes, the person forwards money per the bank specifications.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Pages: 3

People who downloaded this item also downloaded

White Paper Five Tax Mistakes That Could Cost You an Audit
White Paper The IRS and Captives: A Short History
White Paper IRS Eases Requirements for 401 (k) Safe Harbors
White Paper Beefing Up Your Benefits Package

Top results from Taxes

Case Study Doosan Heavy Industries America Corporation Equips to Win More Business with Microsoft Dynamics CRM Online
White Paper Rule Enabling Applications With Oracle Business Rules
White Paper Is your data at risk?: Why physical security is insufficient for laptop computers
White Paper Physical Security in Mission Critical Facilities
White Paper State Capital Taxes and the Location of Investment: Empirical Lessons from Theoretical Models of Tax Competition

» View all Taxes listings

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Returning users: Log In Here!

Already registered on BNET, TechRepublic, or ZDNet? Simply log in.

Free Membership: Sign Up Now!

Sign up for a free membership today and get instant and unlimited access to one of the largest databases of white papers, webcasts, and casestudies anywhere. Your FREE membership allows you to:

  • Download an unlimited amount of content, including classic and current white papers, case studies, webcasts and more
  • Track content on your chosen topics of interest
  • Receive targeted email alerts when your favorite content is added
  • Save content for future reading
  • Receive our member newsletter

When you register to access this directory, you become a member of BNET. In addition, you allow us to share your information with companies that produce products or services featured in the library--so that such companies may contact you with information and offers regarding their products and services. This enables us to keep the library a free service. As a directory registrant, you will receive a complimentary subscription to the BNET member newsletter, The BNET Report. You can unsubscribe from this newsletter at any time. By clicking the Sign up button, you indicate that you agree to our Terms and Conditions and have read and understand our Privacy Policy (updated).