What is ACCELERATED DEPOSIT RULE?

If a business totals $100,000 in federal tax in one day it must be in the bank the next day. Once this occurs the business must maintain a semi-weekly deposit for the next two years.

More On This Topic




Link to This Definition

Did you find this definition of ACCELERATED DEPOSIT RULE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary