legort69 Posted January 26, 2005 Posted January 26, 2005 A corporation with a 401k plan makes EFTPS payments for their payroll on a semiweekly payroll schedule. They have a 401k plan with a separate EIN for the Trust and make the 20% tax withholdings under that EIN. The question I have is do the payments for the plan trust have to comply with the deposit schedule of the corporation, or can they make the tax deposits on a monthly schedule (assuming they qualify for monthly)? Thanks for your responses.
Guest b2kates Posted January 26, 2005 Posted January 26, 2005 the trust is a separate entity from the corporation. The Trust depository requirements are also separately determined from the corporation.
GBurns Posted January 26, 2005 Posted January 26, 2005 I think the instructions are in Pub 15 Circular E. George D. Burns Cost Reduction Strategies Burns and Associates, Inc www.costreductionstrategies.com(under construction) www.employeebenefitsstrategies.com(under construction)
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