Employers with a payroll tax liability of less than $2,500 at the end of a quarter can pay the payroll tax liability at the end of the next month following the quarter with Form 941.

Question

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This is true according to IRS guidelines. Employers who owe less than $2,500 in payroll taxes for a quarter can choose to pay the liability with their next Form 941, which is due by the end of the month following the quarter. This is known as the "One-Day Rule."

Employers with a Payroll Tax Liability of Less Than $2,500