Form 8109 Video

The IRS doesn't just require you to pay taxes - they want you to pay them the right way. This small business video minute discusses the purpose of Form 8109, the Federal Tax Deposit Coupon.

If your annual federal tax liability is less than $200,000, you can use IRS Form 8109 to make regular federal tax deposits instead of filing electronically. The IRS will send you a Form 8109 coupon book after you've applied for your Federal Employer Identification Number.

Video Transcript

Welcome to the SurePayroll minute. I’m Michael Alter.

As a small business owner, not only do you need to pay the right amount of taxes – on time — but you also need to pay them the way the IRS wants you to.

If your total federal tax liability for the year is more than $200,000, the IRS requires you to pay your taxes electronically. As a bonus, you don’t have to worry about submitting IRS Form 8109 — the Federal Tax Deposit Coupon.

But if your business has a total federal tax liability for the year that is less than 200,000 dollars, you can choose to make regular federal tax deposits using form 8109 or by filing electronically.

The IRS will send you a book of these forms after you apply for your Federal Employer Identification Number. You’ll receive 24 coupons pre-printed with your name, address and ID number. You won’t need to re-order when you run out. The IRS will automatically mail you a new coupon book.

For the simple answer to small business issues, I’m Michael Alter with your SurePayroll Minute.