When must an employer deposit employment taxes if they meet the criteria for a monthly depositor?

When an employer qualifies as a monthly depositor for employment taxes, they are required to deposit those taxes by the close of the 15th day of the month following the month for which the taxes were accumulated. This means that if an employer has tax liabilities that they have calculated for a given month, they don't need to deposit those immediately but instead can wait until the middle of the following month to make the payment.

This timeline provides employers with some flexibility and allows for better cash flow management since they have a short grace period to gather the funds necessary for the deposit. Understanding this requirement is crucial for maintaining compliance with tax laws while ensuring timely payments are made to avoid penalties. Other choices either suggest incorrect timelines or do not align with the deposit rules set by the IRS for monthly depositors.