Items To Note Changes to the electronic deposit requirement.Beginning January 1, 2000, the following changes have been made tothe electronic deposit requirement: The threshold that determines whether you must use theElectronic Federal Tax Payment System (EFTPS) has been raised from$50,000 to $200,000. All Federal tax deposits (such as deposits foremployment tax, excise tax, and corporate income tax) are combined todetermine whether you exceeded the $200,000 threshold. Participation in EFTPS is voluntary if your taxes do notexceed the new $200,000 threshold, even if you were required to do sounder the previous $50,000 threshold. However, businesses that exceedthe new $200,000 threshold must continue to use EFTPS in all lateryears. The waiver of the penalty for failure to use EFTPS,scheduled to expire on July 1, 1999, has been extended to January 1,2000, for taxpayers who do not exceed the $200,000 threshold. Thisextension does not apply to taxpayers who exceed the $200,000threshold. Taxpayers who are not required to make electronic deposits mayvoluntarily participate in EFTPS. To enroll in EFTPS, call1-800-945-8400 or 1-800-555-4477.For general information about EFTPS, call1-800-829-1040. EFTPS must be used to make electronic deposits. If youare required to make deposits by electronic funds transfer and fail todo so, you may be subject to a 10% penalty. See Circular E for details. Change in group-term life insurance uniform rates.New rates went into effect July 1, 1999, to figure the monthly costof group-term life insurance provided to employees that exceeds$50,000. See section 5 for more information. Electronic submission of Forms W-4, W-4P, W-4S, W-4V, andW-5.You may set up a system to electronically receive any or all of thefollowing forms from an employee or payee: Form W-4, ERROR MSGEmployee's Withholding AllowanceCertificate Form W-4P, Withholding Certificate for Pension orAnnuity Payments Form W-4S, Request for Federal Income TaxWithholding From Sick Pay Form W-4V, Voluntary Withholding Request Form W-5, Lugano hotelsEmployee's Advance Earned Income CreditCertificate If you establish an electronic system to receive any of theseforms, you do not need to process that form in a paper version. chambres d'hotel de luxe WaterfordFor each form that you establish an electronic submission systemfor, you must meet the following requirements: The electronic system must ensure that the informationreceived by the payer is the information sent by the payee. The electronic system must provide exactly the sameinformation as the paper form. The electronic submission must be signed with an electronicsignature by the payee whose name is on the form. Upon request, you must furnish a hard copy of any completedelectronic form to the IRS. For Forms W-4 and W-5, the signature mustbe under penalty of perjury, and must contain the same language thatappears on the paper version of the form. You must meet all recordkeeping requirements that apply tothe paper forms. ERROR MSGFor more information, see: Form W-4--Regulations section 31.3402(f)(5)-1 accommodation in HeraklionForm W-5--Announcement 99-3 (99-3 IRB 15) Forms W-4P, W-4S, and W-4V--Announcement 99-6(99-4 IRB 24)