2007-10-31 10:15:04 · 10 answers · asked by pradnya b 1 in Business & Finance ➔ Taxes ➔ United States
It depends on how the company reports taxes, and files their reports. Most companies file quarterly, and pay as such.
There are some companies who don't manage their finances as well and are sometimes delayed.
If you are self-employed, you are responsible for your own taxes as well as Medicare & Social Security (100%). I would advise to file and pay quarterly.
What you should pay is approx. 90% of your taxable amount of the prior year, unless you have had a marked increase in profit, then I would up it to 105%.
Bless
2007-10-31 10:26:25 · answer #1 · answered by Wood Smoke ~ Free2Bme! 6 · 0⤊ 0⤋
Sorry to hearken to approximately your loss. various human beings have suggested a lawyer. it rather isn't a undesirable thought yet i could advise you seek for advice from an "enrolled Agent" (EA) rather. they're tax specialists who can help you at a a lot decrease value. If the debt from 2005 & 2006 replaced into from a joint return which you filed inclusive of your husband then you are dependable. be careful approximately submitting financial disaster. Tax debt oftentimes can't be canceled in the time of financial disaster. yet, if it clears up different debts and decreases your expenses so as which you will arise with the money for to make money to the IRS, then it nonetheless could help.
2016-10-03 01:40:43 · answer #2 · answered by ? 4 · 0⤊ 0⤋
This depends on the size of the company and their total payroll in a year. Companies with large payroll have to send the funds electronically the following week, where as companies with smaller payroll may send the funds quarterly.
2007-10-31 10:40:23 · answer #3 · answered by Christopher H 1 · 0⤊ 0⤋
They have a limited amount of time to pay the IRS, and it may be done immediately.
2007-10-31 10:19:11 · answer #4 · answered by Gypsy Girl 7 · 0⤊ 0⤋
It depends on how much their total withholding is for the entire company. Sometimes it's due every month, sometimes it's due every week. I think $3000 is the rhreshold when they have to send it in weekly.
2007-10-31 12:57:27 · answer #5 · answered by crazydave 7 · 0⤊ 0⤋
Once the money is withheld from your paycheck, it is due to the IRS.
You cannot get that money refunded to you until you file your taxes unless you can prove that it was withheld by mistake.
2007-10-31 11:18:46 · answer #6 · answered by Steve 6 · 0⤊ 0⤋
Not quite immediately, but soon. It can be once a week, or once a month, depending on the amount they withhold and deposit..
2007-10-31 13:51:41 · answer #7 · answered by Judy 7 · 0⤊ 0⤋
Depends upon the type of business (farmers get longer) and the payroll volume. It can be as often as weekly or as infrequently as quarterly.
2007-10-31 10:38:00 · answer #8 · answered by Bostonian In MO 7 · 0⤊ 1⤋
Employers are required to pay them quarterly (every three months).
2007-10-31 10:21:48 · answer #9 · answered by rob b 3 · 2⤊ 0⤋
Our farm sends it quarterly.
2007-10-31 10:20:35 · answer #10 · answered by absent farmer 6 · 1⤊ 0⤋