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ITG FAQ #4 Answer-Is there a special rule that applies to making deposits for a large tax liability?

If your accumulated tax liability is $100,000 or more on any day during a deposit period, you must make the deposit by the next banking day. This is true for monthly and semi-weekly schedule depositors. Refer to Publication 15, Circular E, Employer's Tax Guide, $100,000 Next-Day Deposit Rule.

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Page Last Reviewed or Updated: 04-Nov-2013