Federal Tax Deposits |
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A tax-exempt organization (EO) can make deposits either electronically, using the Electronic Federal Tax Payment System (EFTPS), or by taking its deposit and Form 8109-B, Federal Tax Deposit Coupon, to an authorized financial institution or Federal Reserve bank serving the area. Five to six weeks after the EO receives its employer identification number (EIN) (EIN), the IRS will send the EO a coupon book. If the EO has a deposit due and there is not enough time to obtain a coupon book, blank coupons (Form 8109-B) are available at most local IRS offices. You cannot use photocopies of the coupons to make your deposits.
NOTE: If an EO does not have an EIN by the time a return is due, the EO should write "Applied for" and the date it applied for the EIN in the space shown for the number. Also, for faster service in obtaining an EIN, an EO may now apply for your EIN using the online EIN application.
Tip: For simplicity, an EO may wish to consider depositing employment taxes each payday (which is the day the employer becomes liable), to ensure deposit requirements are met without having to remember IRS deposit requirement dates.
Refer to ABCs of Federal Tax Deposits for more information.
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Page Last Reviewed or Updated: January 05, 2009