For Subscribers
Electronic AvenueA new deadline for electronic tax filing gives small businesses a break--for now.
Opinions expressed by Entrepreneur contributors are their own.
Small-business owners unhappy about having to file their federaltaxes electronically have won a reprieve via the tax bill recentlypassed by Congress and signed by President Clinton.
The IRS began requiring any business paying more than $47million annually in payroll taxes to pay them through theElectronic Federal Tax Payment System (EFTPS) starting in 1996.That figure was scheduled to drop to $50,000 by January 1, 1997.And that's what set off the fireworks.
Continue reading this article — and all of our other premium content with Entrepreneur+
Join the internet’s leading entrepreneur community! With your subscription you’ll get:
- Access to all of our premium content and an ad-free experience
- Entrepr免费订阅eneur Magazine
- Four free e-books a year and 20% off everything from our bookstore
- Exclusive events with business celebrities and successful entrepreneurs
