undeposited amount from earlier quarters) is more than
If the FUTA tax reportable on Form 940 or Form 940-EZ
$500, deposit it by the last day of the first month after the
minus the amounts deposited for the first 3 quarters is
end of the quarter. If the result is $500 or less, add it to the
more than $500, deposit the tax by January 31. If the result
FUTA tax for the next quarter, and do not make a deposit.
is $500 or less, you may either deposit the tax or pay it with
Make this calculation for each of the first 3 quarters of the
Form 940 or Form 940-EZ by January 31.
year.
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