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This Is Not a Bill
You Made One or More Late Federal Tax Deposits
But We Didn't Charge You a Penalty
In this notice, we'll explain that we're contacting you because of late federal tax deposits and answer questions you may have about deposits and how to make them.
- Why Are You Contacting Me?
- We're contacting you because you may have made late deposits or used an incorrect deposit requirement. We're not charging you a federal tax deposit penalty, since this is the first time you've filed this type of tax return.
- What Are My Federal Tax Deposit Requirements?
- First year filers generally need to make monthly deposits when accumulated employment taxes equal or exceed $2,500.00 (for returns before 2001, the accumulated tax amount is $1,000). You need to make deposits by the 15th day of the following month for employment taxes accumulated each month.
- How Do I Make Federal Tax Deposits?
- You can make deposits through the Electronic Federal Tax Payment System using a computer or a telephone. You may also use a Form 8109, Federal Tax Deposit Coupon, as an alternative.
- What Happens if I Make Late Federal Tax Deposits in the Future?
- If you make a late deposit, we will charge you a penalty based on the number of days the deposit is late (Internal Revenue Code 6656). The penalty amount will be a percentage of the late deposit amount. The penalty percentage rate increases as the lateness increases. The chart below shows how the rate increases.
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Penalty Percentage Rate
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Late Period
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2%
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Deposits made 1-5 days late
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5%
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Deposits made 6-15 days late
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10%
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Deposits made after 15 days late and before the 10th day after we've billed you.
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We've enclosed further information about deposit requirements. Please call us at the above telephone number with any questions you may have about this notice or federal tax deposit requirements.
Helpful Hint: For faster service, try calling us any day except Monday highest.
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