SECTION 2. BACKGROUND

.01 Section 31.6011(a)–8 of the Employment Taxes and Collection of Income Tax at Source Regulations provides that the Commissioner may authorize the use, at the option of the person required to make a return, of a composite return in lieu of any form specified in 26 C.F.R. Part 31 (Employment Taxes and Collection of Income Tax at Source), subject to the

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turn may be filed on or before the 10th day of the second calendar month following such period if timely deposits under § 6302(c) of the Internal Revenue Code and the regulations thereunder have been made in full payment of such taxes due for the period.

.06 Procedures for the electronic filing of Form 941 (‘‘Form 941 ELF Program’’) are in Rev. Proc. 96–19, page, this Bulletin, and the specifications are in the Technical Specifications Guide for the Electronic Filing System for Form 941, Employer’s Quarterly Federal Tax Return.

.07 The submission of federal tax deposit (‘‘FTD’’) information on magnetic tape is addressed in Rev. Proc. 89–48, 1989–2 C.B. 599. For taxpayers who are required to make FTDs by electronic funds transfer pursuant to § 6302(h), the submission of the FTD information along with the transfer of funds is addressed in Rev. Proc. 94–48, 1994–2 C.B. 694.