2011 Tax Changes for Businesses and Investors: Electronic Filing Requirements

The tax laws have seen a lot of changes over the past few years.  To keep you up-to-date, we have summarized some the changes to for businesses and investors. Today we addressing EFTs.

Beginning Jan. 1, 2011, employers must use electronic funds transfer (EFT) to make all federal tax deposits (such as deposits of employment tax, excise tax, and corporate income tax).

If yo have any questions regarding this change, or about tax planning or preparation in general, please contact our office.

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