The IRS announced today that there will be no extension of the Tuesday, Jan. 2, 2007 federal tax deposit due date, and that the Electronic Federal Tax Payment System (EFTPS) will conduct normal business operations on Tuesday, Jan. 2, despite the closing of federal offices as part of the national day of mourning for former President Ford:

Federal tax deposits due on Jan. 2, are expected to made as scheduled. However, the IRS will waive late federal tax deposit penalties for deposits due on Tuesday if the following conditions are met:

• The employer is not required to use EFTPS;
• The employer must not have been able to make a federal tax deposit because the bank through which the employer makes its deposits was closed on Jan. 2; and
• The employer’s federal tax deposit was posted on or before Jan. 3.