Reminder: Federal Tax Deposit Coupon (Treasury Tax & Loan) Change Effective January 1, 2011
December 31, 2010, will be the last day for financial institutions to accept Treasury Tax & Loan (TT & L) coupons under an Internal Revenue Service (IRS) proposed rule change. The proposed rule calls for most employers who now pay with a paper coupon to pay electronically as of January 1, 2011. Those who are not required to use coupons – typically, businesses with a very small federal tax liability (generally under $2,500 per quarter) – may pay electronically or mail a check with their return.
EFTPS is a system provided free by the US Department of the Treasury that enables business and individual taxpayers to make all their federal tax payments electronically 24 hours a day, 7 days a week through the internet or by phone.
EFTPS Customer Service has live representatives available to answer any questions you may have about your payments. EFTPS Customer Service is open 24 hours a day, 7 days a week.
1.800.555.4477 for businesses
1.800.316.6541 for individuals
Enroll in EFTPS today.