Colorado explains waiver of EFT requirement

An emergency rule is enacted that explains the circumstances under which the Executive Director of the Colorado Department of Revenue may authorize a waiver from the electronic funds transfer (EFT) rule for withholding tax filing upon a showing of undue hardship. Specifically, the Department may grant a yearly waiver from the requirement to remit all withholding liability by EFT in cases of undue hardship. (Colorado Department of Revenue, Rule 39-22-604(4), effective June 3, 2015.)

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