How to Pay Payroll Taxes to IRS with The Law Offices of Nick Nemeth
  • November 27, 2018
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The IRS mandates every employer to timely report and deposit payroll taxes, providing an accurate record of the total income of employees and amounts withheld. Understanding all the steps involved in preparing and filing payroll tax returns helps employers avoid mistakes that can have serious repercussions, including heavy penalties. Continuing on the subject, in this blog post, we explain how to pay payroll taxes to the IRS. Take a look.

Reporting Payroll Taxes

Generally, the IRS requires employers to report wages and other forms of compensation paid to employees. Employers must file the relevant forms to report employment taxes. Along with income taxes, employers need to report the Federal Insurance Contributions Act (FICA) taxes and unemployment taxes as a part of the overall payroll taxes. Once a company has deposited the taxes, they must report the deposited taxes by submitting Forms 940, 941, and 944, either through e-filing or on paper.

Mode of Tax Payment

It is mandatory for all businesses to deposit their payroll taxes to the IRS electronically. They are required to use the Electronic Federal Tax Payment System (EFTPS), which is an online tax payment system maintained by the IRS and the U.S. Department of Treasury. To register, visit the EFTPS website. After that, you can start using the medium to pay payroll taxes. The taxable payroll amount is deducted from the company’s bank account.

Monthly or Semi-Weekly Payment

Depending on the amount of tax liability that an employer owes to the IRS during the lookback period, the tax authority determines whether the employer will be paying payroll taxes monthly or semi-weekly. The look back period begins on July 1 and ends on June 30 of the following year. If the total payroll taxes for the look back period are $50,000 or less, the employer will deposit monthly. If, however, the taxes amount to more than $50,000, it will be scheduled semi-weekly.

Need Help Paying Payroll Taxes? Speak with Us!

Although filing payroll taxes may seem simple on the surface, it can involve a lot of intricacies calling for professional expertise. If you still have any doubts or questions, speak with an IRS tax attorney at the Law Offices of Nick Nemeth in Dallas, Texas. We have a team of seasoned IRS tax lawyers with vast experience in helping individuals and businesses navigate IRS tax related issues. For a confidential, no-obligation consultation with one of our lawyers, fill out our contact form or simply call (972) 426-2553.

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What Our Clients Have to Say

Susan WilsonSusan Wilson
03:27 25 Jan 23
I have been very pleased with the solid counsel and guidance that Nick Nemeth has provided me regarding my tax issue. I found him to be honest and straightforward which I appreciated. I was impressed with his relevant experience and knowledge . He has definitely brought me peace of mind during a difficult and stressful time.
Sarah HowardSarah Howard
03:44 14 Nov 22
I would like to thank Mr. Nick and his staff for the superb help that I received from them. My IRS problem was resolved quickly and efficiently. It took 2 visits to convince me that I was over my head. I thought that I could call the IRS, appeal my tax notices and settle on a payment plan on my own. After many phone calls to the IRS, waiting sometimes more than 4 hours with no resolution to speak of, it proved to be extremely difficult and stressful. Revisiting Mr. Nick was a huge wake up call. My account was reviewed, and a payment plan was established with the IRS within a week. I will be forever grateful to the staff who worked on my case and especially to Lorna who listened to me vent while going through this painful process.
00:33 07 Aug 22
I cannot say enough good things about Nick and his team. When I first met with Nick he was up front, honest, friendly and efficient. When I worked with one of his attorneys, Eric B, I was just as pleased. All of the staff there are nice and very helpful. I wish I hadn't waited so long to get help with my issue. Over 6yrs I tried getting through and getting anywhere with the IRS and hardly made any progress. I know this may not be the case for all, and even I thought it would take longer than it did, but 3mos and they had my situation straightened out. I still can't believe it. Thank you thank you THANK YOU for all that you did for me. This is a huge burden gone out of my life now thanks to you. If anyone needs help out there, I know you may not want to shell out more money to get their help but it may just save you in the long run.
Spoilly GirlSpoilly Girl
23:49 03 Aug 22
The Nemeth Law team is exceptional. They treat their clients like a family member who is in crisis. They want you to get the best possible outcome. I really appreciate everything that they did for me. Jake and Ashley had the greatest role in my case and it all turned out for the best for me. Thank you Nick and team for easing my fears and getting me through the long process. I'm truly grateful.
Eddie WaltEddie Walt
19:44 12 Jul 22
During a time in which competent, professional service at a fair price seems to have disappeared, Mr. Nemeth and his team are a refreshing breath of fresh air.From my first phone call to the final settlement of our case with a non-responsive IRS, they under-promised, over-delivered and were in constant courteous contact to make sure we knew exactly what was happening and where we stood.I hope to never need their services again, but, should I receive another friendly letter from the IRS...I know who to call!
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