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How to determine whether a company is a semi-weekly or monthly depositor for Form 941 in EasyACCT

SOLVEDby IntuitEasyACCTUpdated July 19, 2022

This article explains how EasyACCT determines whether a company is a semi-weekly or monthly depositor for Form 941.

The program defaults to Monthly Depositor when:

  • The total tax reported for the four quarters in the lookback period (July 1 through June 30) is $50,000 or less.

The program defaults to Semi-Weekly Depositor when:

  • The total tax reported for the four quarters in the lookback period (July 1  through June 30) is more than $50,000.
  • If a liability of $100,000 or more is accumulated on any one day within the quarter.

If after-the-fact payroll is entered and lumped together on one day or in one month, it could also impact the program's default selection.

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