thepensionmaven Posted November 14, 2017 Share Posted November 14, 2017 Is there a threshold for not going through EFTPS and instead mailing withheld amount to IRS with 945-V. Form 945 under $2500 does not require dates of payment. Link to comment Share on other sites More sharing options...
pmacduff Posted November 14, 2017 Share Posted November 14, 2017 I don't think so not anymore anyway...this is from the Form 945 instructions: "Federal tax deposits must be made by electronic funds transfer (EFT). You must use EFT to make all federal tax deposits. Generally, an EFT is made using the Electronic Federal Tax Payment System (EFTPS). If you don't want to use EFTPS, you can arrange for your tax professional, financial institution, payroll service, or other trusted third party to make electronic deposits on your behalf. Also, you may arrange for your financial institution to initiate a same-day wire payment on your behalf. EFTPS is a free service provided by the Department of Treasury. Services provided by your tax professional, financial institution, payroll service, or other third party may have a fee. For more information on making federal tax deposits, see section 11 of Pub. 15. To get more information about EFTPS or to enroll in EFTPS, go to EFTPS.gov, or call 1-800-555-4477 or 1-800-733-4829 (TDD). Additional information about EFTPS is also available in Pub. 966. For an EFTPS deposit to be on time, you must submit the deposit by 8 p.m. Eastern Link to comment Share on other sites More sharing options...
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