Federal Tax Deposits (FTD)

Definition of "Federal Tax Deposits (FTD)"
  1. Biweekly or monthly contributions made by employers to the IRS, involving payroll taxes withheld from employees and employer portions for Social Security and Medicare taxes
How to use "Federal Tax Deposits (FTD)" in a sentence
  1. Company A failed to make Federal Tax Deposits, ending in an investigation by the IRS.
  2. The finance department is responsible for ensuring timely Federal Tax Deposits to avoid penalties.
  3. Late or short Federal Tax Deposits can lead to hefty fines from the IRS.

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