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Notice of Upcoming Change to Businesses for TT&L Coupons!

Sep 13, 2010

December 1, 2010, will be the last day for PNB to accept Treasury Tax & Loan (TT&L) coupons under an Internal Revenue Service (IRS) proposed rule change. The proposed rule calls for most employers who now pay with a paper coupon to pay electronically. Those who are not required to use coupons—typically, businesses with a very small federal tax liability (generally under $2,500 per quarter)—may pay electronically or mail a check with their return.

Paying taxes with EFTPS can benefit your business in many ways:

· EFTPS is available 24 hours a day, year-round, from anywhere there’s a phone or Internet connection.

· Employers who use coupons are 31 times more likely than EFTPS users to make an error that  results in interest or penalties, according to IRS research.

· Any federal tax can be paid using EFTPS.

·   U.S.-based live-operator customer support is available via toll-free phone numbers 24 hours a day, year round.

· Business payments can be scheduled up to 120 days in advance.

· Businesses receive a printable confirmation number after each payment scheduled.

· EFTPS is safe and secure. Online payments require three unique pieces of information for authentication.

You may also visit the EFTPS site direct for additional information at www.eftps.gov, or call direct
Business 1-800-555-4477

 

SCHEDULE PAYMENTS  AT YOUR CONVENIENCE, SAFELY AND ACCURATELY.

• Pay business or individual federal taxes up to a day before due date

• Follow easy, step-by-step instructions online or by phone

• Access the system 24/7

• Receive immediate acknowledgment of each transaction

• Review up to sixteen months of your payment history

• Schedule payments 120 days in advance for business, 365 days for individuals

• Avoid penalties by greatly reducing the number of errors associated with paying by coupon

A free service from the U.S. Department of the Treasury, EFTPS has processed nearly a billion   payments since 1996.

Enroll now at www.eftps.gov.

Questions? EFTPS Customer Service for Businesses 1.800.555.4477