IRS now requires businesses to pay their federal taxes electronically.
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. Please visit www.eftps.gov/eftps
to learn more about paying your federal taxes electronically.