How do you know when to deposit my taxes? What is the Federal Lookback period?
This is one of the most import aspects of what we do for you as a customer on our service. The IRS and State Agencies require payroll tax deposits on a quarterly, monthly, semi-weekly, or next day basis depending upon how much your total payroll was during a 12 month period defined as the Lookback Period. The dates of the Lookback Period are determined by the time of year you are applying for service. To learn more see Publication 15 Circular E, Employers Tax Guide published by the IRS. To download a copy, go to Federal Tax Links on the Stephens & Company Web Site. These agencies require us to review your Lookback Period to determine the proper payroll tax deposit frequencies going forward. To qualify for our tax filing service, we will require 941 quarterly returns that apply to your Lookback Period.
