SECTION 11. ELECTRONIC TAX

APPLICATION TRANSACTION

.01 A Filer may use an ETA transaction to make an FTD or FTP. The Filer should contact the financial institution through which the ETA payment will be made to determine if the financial institution is capable of making an ETA payment.

.02 A Bulk Filer may use a bulk ETA transaction to make FTDs or FTPs. The Bulk Filer should contact the financial institution through which the bulk ETA payment will be made to determine if the financial institution is capable of making a bulk ETA payment.

.03 If a Filer uses a single ETA transaction, the transfer of funds and the transmission of the related payment information occur together. If a Bulk Filer uses a bulk ETA transaction, the transmission of the payment information precedes the related transfer of funds, both of which occur on the same day.

.04 The Service generally will deem an ETA payment to have been made on the date the payment is received by the FRB. A Filer should contact the financial institution through which the ETA payment will be made to determine the deadline for initiating ETA payments for a particular day. ETA payments received by the FRB after the deadline set forth in the Treasury Financial Manual, Volume IV (IV TFM), will not be accepted. Currently, the deadline in IV TFM is 2:00 p.m. Administrative FRB Head Office Local Zone Time. If a payment is not accepted, the Filer must reoriginate the payment using an ETA transaction or any other permissible remittance method.

.05 Additional ETA information may be found in the sections on Same-Day Payments in the Implementation Guide for EFTPS Bulk Filers and the EFTPS Payment Instruction Booklets for businesses.