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Closures Will Not Affect Federal Tax DepositsDec 29, 2006 The Internal Revenue Service announced there will be no extension of the Tuesday, Jan. 2, 2007 deposit due date and the Electronic Federal Tax Payment System (EFTPS) will conduct normal business operations on Tuesday, Jan. 2, despite the closing of federal offices as part of the national day of mourning for former President Ford as announced by the White House. Federal tax deposits due on Jan. 2, 2007 are expected to made as scheduled. However, IRS will waive late federal tax deposit penalties for deposits due on Tuesday if the following conditions are met:
The employer is not required to use EFTPS,
The employer must not have been able to make a federal tax deposit because the bank through which the employer makes its deposits was closed on Tuesday, Jan. 2, 2007, and
The employer’s federal tax deposit was posted on or before Wednesday, Jan. 3, 2007.
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