TT&L Coupons

December 31, 2010, will be the last day for financial institutions 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 as of January 1, 2011. 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. The proposal reflects Americans' growing comfort with electronic payment and the trend among Financial Institutions to stop coupon acceptance.

EFTPS is a service offered free by the U.S. Department of the Treasury to help business and individual taxpayers conveniently pay all their federal taxes electronically.

Visit www.eftps.gov for more information and to enroll.