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Federal R eserve Bank
OF DALLAS
h e l e n e .h o l c o m b

October 18, 1996

FI R S T V I C E P R E S I D E N T AND

DALLAS, TEXAS
7 5 2 65 -5 90 6

C H IE F O P E R A T I N G O F F I C E R

Notice 96-106
TO:

The Chief Operating Officer of
each financial institution in the
Eleventh Federal Reserve District

SUBJECT
Implementation of the
Electronic Federal Tax Payment System (EFTPS)
DETAILS
We are pleased to announce the implementation of EFTPS on October 28,
1996. Effective this date, electronic tax payments will be accepted for processing by the
EFTPS utilizing the Automated Clearing House (ACH) credit or debit options as the
primary methods of payment. As you are aware, prenotifications are required for both
payment options. Your institution may receive a debit prenote from one of the Treasury
Financial Agents on behalf of your corporate taxpayer as early as October 21, 1996. If
you are offering the ACH credit payment option, please remember to submit a zerodollar entry 10 days prior to actual payment transactions for your corporate taxpayer.
Please note that prior to originating a zero-dollar entry, your customer must receive
their enrollment confirmation package from EFTPS, which will be distributed beginning
Oct 28.
For your information and review, the proposed regulations that govern
Treasury Tax and Loan depositaries and the payment of Federal Taxes via EFTPS were
published for comment in the Federal Register September 30, 1996. As you may be
aware, a provision has been included in the Small Business Job Protection Act that has
delayed the requirement for the 1.2 million taxpayers to pay their taxes electronically
from January 1, 1997, to July 1, 1997. However, taxpayers are still encouraged to enroll
early in EFTPS and begin paying their taxes electronically as soon as they receive their
enrollment confirmation package. Over the next six weeks, you will be receiving the
following information under separate cover:

For additional copies, bankers and others are encouraged to use one o f the following toll-free numbers in contacting the Federal
Reserve Bank o f Dallas: Dallas Office (800) 333 -4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012; H ouston
Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San A ntonio Branch Intrastate (800) 292-5810.

This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)

DI Fact Sheet about EFTPS
DI training package
Fedline Taxpayer Deposit Application business procedures
ETA Fedwire business procedures
ATTACHMENT
Attached is a list of contacts and their telephone numbers.
MORE INFORMATION
If you have any questions regarding EFTPS, please refer to the contact list
attached. We look forward to working with you on this exciting new initiative.
Sincerely,

VIII. Key Contacts
Questions about EFTPS can be directed to FMS, IRS, or TFAs. Telephone assistance is
available Monday through Friday, 8:00 a.m. ET to 8:00 p.m. ET. Questions about the ETA
same-day reporting applications can be directed to your local FRB during normal operating
hours.
A.

Depository Institutions—Additional Information on EFTPS
•

Contact the EFTPS Financial Institution See Exhibit 4
Helpline

•

Contact the Financial Management Service, EFTPS Project Team
Mike Chew
Ann Cook
Walt Henderson
Mike Mackay
Elizabeth Oldenburg
Grace Testoff

•

(202)
(202)
(202)
(202)
(202)
(202)

874-7061
874-6714
874-7454
874-6892
874-6835
874-6747

Questions or comments about EFTPS may also be directed to the FMS
EFTPS Project Team through the Internet at the following address:
eftps.questions@fms.sprint.com

B.

Depository Institutions—
Additional Information on the ETA Same-Day Reporting
Mechanisms
•

C.

Contact the Federal Reserve of Dallas, Treasury, Tax and Loan Section:
Janie Worley at (214) 922-6761

Taxpayers—
Additional Information on EFTPS
•

Contact the EFTPS Customer Service
Center Helpline
NOTE:

D.

See Exhibit 4

The toll-free EFTPS Customer Service Center Helpline numbers
listed on Exhibit 4 are not effective until June 1996.

Taxpayers—Additional Information on TAXLINK (until December 31,1996)
•

Contact the IRS TAXLINK Helpline

(800) 829-5469

Contact the TFA TAXLINK Helpline
First National Bank of Maryland

(800) 332-4104

Exhibit 4

EFTPS Customer Service Center
and Financial Institution Helplines

1 If you m ake yo u r Federal tax

If you make your

Federal

deposits at a financial in stitu tio n in

tax deposits at a financial institution

the dark p o rtio n o f th e map,

in the light portion of the map,

please use these p h o n e num bers

please use these phone numbers

fo r EFTPS e n ro llm e n t or cu sto m e r

for EFTPS enrollment or customer
service.

To Enroll, call
EFTPS C us tom er Service C en ter

To Enroll, can
EFTPS Customer Service Center

M onday-F rida y 8 am to 8 pm ET

Monday-Friday 8 am to 8 pm ET

English:

1 80 0 945-8400

Spanish:

1 8 0 0 945-8600

-

-

-

-

1 8 0 0 945-8900
-

Financial
In stitutio n
Helpline:

-

1 8 0 0 945-7900
-

-

The toll-free EFTPS Customer Service Center Helpline
numbers for taxpayers are not effective until June 1996.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102