1) They love to change rules, codes, etc.
2) They poorly publish these rules. If your lucky to find a publication of these changes, it's usually poorly explained.
3) They IRS is usually confused about these changes as well. Try calling the IRS and getting a hold of three different people. Ask them the same question and you'll more than likely get three different answers.
The IRS is changing the way companies make their federal tax payments. This is taken from USBank's website.
"Do you drop off your federal tax payments at your bank? If so, you should know that the Internal Revenue Service (IRS) recently announced a new rule that calls for most businesses that now pay their federal taxes with a paper Federal Tax Deposit coupon (IRS Form 8109) to pay electronically as of January 1, 2011. Additionally, banks will no longer be able to accept tax payments. "
Can they make paying your taxes any less convenient? I've helped businesses set up their own EFTPS on the EFTPS website. From filing out the application form to being able to make that first tax payment online, this process can take anywhere from several weeks to several months. Then you have to figure out the EFTPS website and remember all of your passwords and pins.
One benefit of using Total Payroll Solution as your payroll service provider is we set up, make those electronic payments, and maintain your account for you through our system. We can even set those payments to be paid when due, at the earliest possible, or anywhere in between.
Please contact us for a payroll quote or if you have any questions on this new IRS rule. You can contact us through our website or by calling 765-288-PAID (7243). I look forward to talking to you soon.
James
Can they make paying your taxes any less convenient? I've helped businesses set up their own EFTPS on the EFTPS website. From filing out the application form to being able to make that first tax payment online, this process can take anywhere from several weeks to several months. Then you have to figure out the EFTPS website and remember all of your passwords and pins.
One benefit of using Total Payroll Solution as your payroll service provider is we set up, make those electronic payments, and maintain your account for you through our system. We can even set those payments to be paid when due, at the earliest possible, or anywhere in between.
Please contact us for a payroll quote or if you have any questions on this new IRS rule. You can contact us through our website or by calling 765-288-PAID (7243). I look forward to talking to you soon.
James
