Depository Method of Tax Payment

The organization must pay any tax due in full by the due date of the return without extension.

Electronic deposit requirement. The organization must deposit all depository taxes (such as employment tax,

For claims described below, follow the additional instructions for that claim.

IRAs and other tax-exempt shareholders in a RIC or REIT. If you are an IRA or other tax-exempt shareholder that is invested in a RIC or a REIT and file Form 990-T only to obtain a refund of income tax paid on undistributed long-term capital gains, follow the steps under Claim for refund (including special instructions for IRA trustees or direct payments of certain credits) , above; check the applicable box in item H at the top of Form 990-T; and attach Copy B of Form 2439, Notice to Shareholder of Undistributed Long-Term Capital Gains.

Composite Form 990-T. If you are a trustee of more than one IRA invested in a RIC, you may be able to file a composite Form 990-T to claim a refund of tax under section 852(b) instead of filing a separate Form 990-T for each IRA. See Notice 90-18, 1990-1 C.B. 327, for information on who can file a composite return. Complete the steps under Claim for refund (including special instructions for IRA trustees or direct payments of certain credits) , earlier, and follow the additional requirements in the notice.

Backup withholding. If your only reason for filing Form 990-T is to claim a refund of backup withholding, complete the steps under Claim for refund (including special instructions for IRA trustees or direct payments of certain credits) , earlier, and attach a copy of the Form 1099 showing the withholding.

Instructions for Form 990-T (2025) 5

excise tax, and corporate income tax) electronically. Generally, electronic funds transfers are made using the Electronic Federal Tax Payment System (EFTPS). For more information about EFTPS or to enroll in EFTPS, go to IRS.gov/EFTPS, or call 800-555-4477. To contact EFTPS using Telecommunications Relay Services (TRS) for people who are deaf, hard of hearing, or have a speech disability, dial 711 and then provide the TRS assistant the 800-555-4477 number above or 800-733-4829. Also, see Pub. 966, Electronic Federal Tax Payment System: A Guide to Getting Started.

Depositing on time. For EFTPS deposits to be made timely, the organization must submit the deposit by 8 p.m. Eastern time the day before the deposit is due.

Same-day wire payment option. If you fail to submit a deposit transaction on EFTPS by 8 p.m. Eastern time the day before the date a deposit is due, you can still make your deposit on time by using the Federal Tax Application (FTA), a same-day federal tax payment system that works in conjunction with EFTPS. Make arrangements with your financial institution ahead of time, noting the institution’s availability, deadlines, and costs. To learn more, go to IRS.gov/SameDayWire .

Timeliness of deposits. The IRS will use business days to determine the timeliness of deposits. Business days are any day that isn’t a Saturday, Sunday, or legal holiday.