During the last few years, the IRS has been encouraging taxpayers to make payments electronically using the Electronic Federal Tax Payment System (EFTPS).

Although most taxpayers have taken advantage of this switch to a quicker, easier way to schedule their payments online or over the phone, some have not and the IRS has decided that 2010 will be the last year during which they will accept tax deposit coupons. Starting January 1, 2011, the only way to make any tax deposits will be via the EFTPS system. Some may have already encountered this when their bank decided to stop accepting payments.

The IRS will not offer a grace period for taxpayers who cannot make their payments on time because they had not already signed up for EFTPS. Apply online now or contact our office and avoid any possible problems.

This entry was posted on Monday, November 1st, 2010 at 9:00 am and is filed under 2010 Tax Year, 2011 Tax Year. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.