I would like to file my withholding tax returns every two weeks (bi-weekly). Can I register for semi-monthly filing frequency but file every two weeks?
No— Bi-weekly filing is not allowed. Semi-monthly filers file 24 returns each year. Filing a return every two weeks will result in 26 returns filed each year, which is two more than the semi-monthly schedule. The two extra returns and accompanying payments will be rejected, which could cause the monies to be misapplied with billings issued for deficiencies.
Related Questions
- I would like to file my withholding tax returns every two weeks (bi-weekly). Can I register for semi-monthly filing frequency but file every two weeks?
- Does an entity have to file two franchise tax returns if they file two short year income tax returns due to a change in the filing periods?
- Can an SSMC file California tax returns with the same filing status as they use on their federal returns?