{"id":3777,"date":"2010-08-21T11:09:55","date_gmt":"2010-08-21T15:09:55","guid":{"rendered":"https:\/\/old.visionpayroll.com\/kb\/?p=3777"},"modified":"2010-08-21T11:09:55","modified_gmt":"2010-08-21T15:09:55","slug":"irs-issues-proposed-regulations-to-discontinue-paper-coupons","status":"publish","type":"post","link":"https:\/\/old.visionpayroll.com\/kb\/2010\/08\/irs-issues-proposed-regulations-to-discontinue-paper-coupons\/","title":{"rendered":"IRS Issues Proposed Regulations to Discontinue Paper Coupons"},"content":{"rendered":"<div class=\"img alignright size-thumbnail wp-image-3780\" style=\"width:150px;\">\r\n\t<a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2010\/08\/EFTPS-Logo.gif\"><img src=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2010\/08\/EFTPS-Logo-150x86.gif\" alt=\"EFTPS Will Soon Be Required for Most Payroll Tax Payments\" width=\"150\" height=\"86\" \/><\/a>\r\n\t<div>EFTPS Logo<\/div>\r\n<\/div>In <a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2010\/08\/ir-2010-092.pdf\" target=\"_blank\">IR-2010-092<\/a>, the <a href=\"http:\/\/www.irs.gov\/\" target=\"_blank\">Internal Revenue Service (IRS)<\/a> recently announced proposed regulations (REG 153340-09) that eliminate the ability for taxpayers to deposit taxes using paper coupons. Additionally, businesses with a quarterly Federal tax liability of more than $2,500 would be required to pay taxes electronically.<\/p>\n<p><strong>Paper Coupons Eliminated Starting in 2011<\/strong><\/p>\n<p>Since the <a href=\"http:\/\/www.ustreas.gov\/\" target=\"_blank\">Treasury Department<\/a> will no longer maintain the paper coupon system after December 31, 2010, the proposed regulations eliminate rules related to that system. Taxpayers who have a tax liability of less than $2,500 in a quarter would be able to pay the amount with the return. All other taxpayers will be required to pay electronically.<\/p>\n<p><strong>Contact <a href=\"mailto:info@visionpayroll.com\" target=\"_blank\">Vision Payroll<\/a> Now!<\/strong><\/p>\n<p>As an authorized batch filer using the <a href=\"https:\/\/www.eftps.com\/eftps\/\" target=\"_blank\">EFTPS<\/a> system, <a href=\"mailto:info@visionpayroll.com\" target=\"_blank\">Vision Payroll<\/a> can transmit electronic tax payments in batches for multiple taxpayers. This is the most efficient method to transmit payments to the <a href=\"http:\/\/www.irs.gov\/\" target=\"_blank\">IRS<\/a>. Electronic payments have a significantly lower error rate than paper coupons and therefore reduce correspondence from the <a href=\"http:\/\/www.irs.gov\/\" target=\"_blank\">IRS<\/a> that attempts to resolve those errors.<\/p>\n<p>Contact <a href=\"mailto:info@visionpayroll.com\" target=\"_blank\">Vision Payroll<\/a> today to get started.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EFTPS Logo In IR-2010-092, the Internal Revenue Service (IRS) recently announced proposed regulations (REG 153340-09) that eliminate the ability for taxpayers to deposit taxes using paper coupons. Additionally, businesses with a quarterly Federal tax liability of more than $2,500 would be required to pay taxes electronically. Paper Coupons Eliminated Starting in 2011 Since the Treasury [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[20,321,1341,1342],"_links":{"self":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/3777"}],"collection":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/comments?post=3777"}],"version-history":[{"count":6,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/3777\/revisions"}],"predecessor-version":[{"id":3798,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/3777\/revisions\/3798"}],"wp:attachment":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/media?parent=3777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/categories?post=3777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/tags?post=3777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}