harold__petersan__and_sarah__peter...

May 29th, 2015
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Ch.1012. What are the penalties for not making timely payroll deposits?The penalties are based on the amount not properly or timely deposited. The penalties are: 2% for deposits made 1 to 5 days late. 5% for deposits made 6 to 15 days late. 10% for deposits made 16 or more days late. 10% if electronic deposit is required but not used.10% if deposits are paid directly to the IRS, or paid with the return, or paid to an unauthorized financial institution.15% for amo

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