When a due date falls on a weekend or holiday, when are the payments for monthly depositors due?

Study for the AIPB Mastering Payroll Exam. Review flashcards and questions with explanations. Prepare effectively and boost your confidence!

When a due date for payments falls on a weekend or holiday, the payments for monthly depositors are due the next business day. This is in accordance with IRS guidelines, which specify that if a due date is on a Saturday, Sunday, or any legal holiday, the deadline is extended to the next business day. This ensures that taxpayers have an opportunity to remit their payments without inconvenience due to non-business days.

Choosing the next business day helps maintain a consistent payment schedule while acknowledging the operational realities of weekends and holidays, avoiding confusion about payment timelines. Other options such as the following Monday or the last business day of the month do not align with IRS rules regarding payment due dates, which is why they are not correct.

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