Tuesday, December 28, 2010

End to Federal Tax Deposit Coupons Starts Jan 1st,2011

Starting January 1, 2011, banks will no longer accept federal tax deposit coupons. Instead, deposits will have to be made using the Electronic Federal Tax Payment System (EFTPS). EFTPS business users can schedule payments up to 120 days in advance of the desired payment date and make their payments by computer or telephone.

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