Federal Tax Deposits

On December 27, IRS sent Notice CP-247 to inform employers that required federal deposits may not be made with Forms 8109/8109-B as of January 1, 2011.   Taxpayers are advised to check with their financial institution to find out its cut-off date for accepting Federal Tax Deposit coupons.

Employers that are using a payroll service have already been depositing electronically through that service.   Others must navigate to https://www.eftps.gov/eftps/ to enroll in the Electronic Federal Tax Payment System.

This system is available to both business and individual taxpayers.  Be sure to set up a business account for payroll taxes and a personal account if you would like to use this method for 1040-ES (estimated tax) payments.

If you’re stuck and need to make a payment and your financial institution turns you away, you can take the payment to the IRS.  In Austin:  825 E. Rundberg Ln.  (IH35 and Rundberg)

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