Booger Posted October 21, 2009 Report Posted October 21, 2009 My client is planning on doing a "catch-up" deposit for the 3rd Qtr Federal payroll taxes before 11/02/09. Other than the late payment penalty and interest, is there any benefit of doing, say 6 deposits of $5,000 (SS, Med, Withholding) compared to one $30,000 deposit? Booger Quote
JohnH Posted October 21, 2009 Report Posted October 21, 2009 I'd say the 6 separate deposits would increase the probabilities of an IRS processing error by a factor of at least 36. Quote
Booger Posted October 21, 2009 Author Report Posted October 21, 2009 Good One, John. Will advise client to make one deposit. Booger Quote
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