Depositing Employment Taxes

Be prepared Taxes must be completed by  Electronic Federal Tax Payment (EFTPS) starting January.  Remember this takes time to get signed up.

The IRS has issued regulations that say beginning January 1, 2011, taxpayers must deposit all depository taxes (such as employment tax, excise tax, and corporate income tax) electronically by EFTPS.

Under these proposed regulations, which are expected to be finalized by December 31, 2010, Forms 8109 and 8109-B, Federal Tax Deposit Coupon, cannot be used after December 31, 2010.

2011 Payroll Tax Reporting and Forms Changes!

The Employment Development Department will exchange the DE 6 and the DE 7 Quarterly report for the DE 9 Quarterly Contribution Return and Report of Wages. This change will not affect due dates or deposits.