IRS will eliminate use of the federal tax deposit coupons after 2010. All business will be required to wire or use the Electronic Federal Tax Payment System (EFTPS) to pay all payroll, corporate and excise taxes. Only small firms that deposit less than $2,500 or less in quarterly employment taxes will be exempt.
If you are a current client of Automated Paycheck Services and currently pay using coupons, you will be converted to the electronic system during the fourth quarter of 2010.
For more information, please call Automated Paycheck Services at 714-696-7220.