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one-day deposit rule

The fiscal requirement for companies with a tax liability greater than $100,000 to deposit the funds by the next working day. Companies are given a 24-hour deadline to meet the obligation of depositing an anticipated tax debt on the behalf of the payroll they collect. The regulation is consistent for monthly or semiweekly depositors.

Related information about one-day deposit rule:
  1. What is one-day deposit rule? definition and meaning
    Definition of one-day deposit rule: The fiscal requirement for companies with a tax liability greater than $100000 to deposit the funds by the next working day.
     
  2. 2010 Tax Calendar - Watkins Meegan
    $100,000 One-Day Deposit Rule. If you accumulate taxes of $100,000 or more on any day during a "deposit period," you must deposit it by the next banking day.
     
  3. Deposit of Employment Tax Related to Stock Options and Restricted ...
    Aug 17, 2012 ... In requiring that deposits be made within one day of the settlement date it either assumes that employer is subject to the one-day deposit rule ...
     
  4. Federal & California Payroll Tax Requirements 2012 Federal Payroll ...
    $100,000 One-Day Deposit Rule: If at any time you accumulate $100,000 or more in federal employment taxes AND have accumulated more than $500 in PIT ...
     
  5. comments on deposit requirements for employment taxes in
    employer is subject to the one-day deposit rule for large employers, and therefore provides no guidance to other employers, or indirectly imposes that ...
     
  6. Payroll Reporting & Employment Taxes flashcards | Quizlet
    Mar 3, 2012 ... One-Day Deposit Rule, If an ER's accumulated employment tax liability reaches $100,000 on any day during a monthly or semi-weekly deposit ...
     
  7. Payroll Terms Glossary by Technology Partners
    One-Day Deposit Rule – If an employer's accumulated employment tax liability reaches $100,000 on any day during a monthly or semiweekly deposit period, the ...
     
  8. Information About Your Notice, Penalty and Interest
    deposit your tax using the one-day deposit rule for liabilities $100,000 or more during a deposit period. Also, the Record of Federal Tax Liability on your ...