| August 31, 2010 Past Issues | www.nysar.com | Advertise |
IRS discontinues use of paper coupons, expands use of electronic payment system
Consistent with a Financial Management Service initiative announced in April, the Internal Revenue Service (IRS) issued proposed regulations that would eliminate the rules for making federal tax deposits by paper coupon, as the coupon system will no longer be maintained by the Treasury Department after December 31, 2010. The regulations generally maintain existing rules for depositing federal taxes through the Electronic Federal Tax Payment System (EFTPS). Deposits can be made online or by telephone. EFTPS also significantly reduces payment-related errors that could result in a penalty. For more information on EFTPS, click here. To read the proposed regulations from the IRS, click here. |
|
Print this article |
New York State Association of REALTORS®, Inc. New York State REALTOR® digital magazine archives |
