Changes to TT&L Payment Methods
December 15, 2010 will be the last day Bank of Dade will accept Treasury Tax & Loan (TT&L) coupons under an Internal Revenue Service (IRS) rule change. The rule calls for most employers who now pay with a paper coupon to pay electronically beginning on January 1, 2011. Those who are not required to use coupons—typically, businesses with a very small federal tax liability – may pay electronically or mail a check with their return.
Benefits of the Electronic Federal Tax Payment Service (EFTPS)
EFTPS is available 24 hours a day, 7 days a week, for live operator phone or Internet support
EFTPS is a free service offered by the U.S. Department of Treasury that is available now to allow business and individual tax payers to conveniently pay federal taxes online. For more information or to enroll in EFTPS, go to www.eftps.gov or enroll by phone at 800.555.4477.