If a monthly depositor's employment taxes total $3,800 at the end of the quarter, when should the deposits be made?

For a monthly depositor whose employment taxes total $3,800 at the end of the quarter, the deposits should be made by the next Tuesday following the end of the month in which the taxes were accrued. The IRS requires monthly depositors to make their tax deposits by the 15th of the following month but extends the deadline to the next business day if the 15th falls on a weekend or holiday.

Since the last day of the month has passed and assuming the end of the quarter falls on a weekend or holiday as well, it’s standard practice for a monthly depositor to ensure that any taxes owed are submitted by the next available business day, which, in this case, is Tuesday. This schedule helps avoid any penalties for late payment of employment taxes, as timely deposits are crucial in maintaining compliance with federal tax obligations.