Credit Union News

Important Notice About Treasury Tax & Loan Coupons

Effective January 1, 2011, the Financial Management Service, a bureau of the U.S. Department of the Treasury, will no longer accept Treasury Tax and Loan (TT&L) coupons. All future payments will need to be made either electronically or as a check payment with your tax returns (check payments may only be made by businesses with less than $2,500 per quarter in tax liability).

Due to these changes, RBFCU will no longer accept TT&L payments after December 31, 2010. Instead, payments can by made through the Treasury's free Electronic Federal Tax Payment System (EFTPS).

For more information on EFTPS, visit the IRS' website at www.irs.gov. To sign up for the electronic payments service, visit www.eftps.gov.

Helpful Links:

Treasury Announcement
www.treasury.gov/press-center/Pages/default.aspx

IRS Fact sheet
http://www.irs.gov/pub/irs-pdf/p966.pdf