Publication 5258 - Federal Tax Deposits Page 9
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32Chapter 2 • Federal Tax Deposit Rules for Form 941 Taxes
Let’s go over an example to help
determine your deposit schedule
for 2018. Since the lookback period
is July 1, 2016, to June 30, 2017, we
need to add the taxes from Forms
941 for the third and fourth quar-
ters of 2016 and the first and second
quarters of 2017.
$10,000
A
$9,000
B
C
$5,000
$11,000
D
Tax from Line 10,
Quarter
Form 941
In this example, the total taxes (line E) during
a
t
2016
$ 10,000
hird
the lookback period were $35,000. Since this is
B
F
2016
+
9,000
less than $50,000, the business will be a monthly
ourth
c
F
2017
+
5,000
schedule depositor for 2018.
irst
d
s
2017
+
11,000
econd
e
t
t
= $ 35,000
otal
ax in lookBack period
9
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