P. Tax Payment Methods for Domestic Private Foundations

The foundation must deposit all depository taxes (such as employment tax, excise tax, and unrelated business income tax) electronically using electronic funds transfer. Generally, such transfers are made using the Electronic Federal Tax Payment System (EFTPS). To get more information about EFTPS or to enroll in EFTPS, visit EFTPS.gov , or call 800-555-4477. To contact EFTPS using the Telecommunications Relay Services (TRS), for people who are deaf, hard of hearing, or have a speech disability, dial 711 and provide the TRS assistant the 800-555-4477 number above or 800-733-4829. Additional information about EFTPS is also available in Pub. 966, Electronic Federal Tax Payment System: A Guide to Getting Started. See below for an exception to this rule for small foundations.

Depositing on time. For deposits made by EFTPS to be on time, the foundation must generally submit the transaction at least 1 business day before the date the deposit is due. See Pub. 15 (Circular E) for information on a same-day payment option under some circumstances.