Your Guide to Pay Federal Taxes Electronically with Tax1099 EFTPS Solution

While most of us eagerly anticipate that sweet tax refund, it’s not guaranteed for everyone. According to data from Civic Science, a steady increase in the percentage of individuals owing the IRS has been seen, rising from 39% in 2021 to 43% in 2023. The deadline to file your federal taxes for 2024 is set for April 15, 2025, and missing the tax deadline can have consequences like penalties and interest. So, here’s a quick guide to help you pay your federal taxes electronically with Tax1099 EFTPS solution, ensuring you hit that deadline without a hitch!

Electronic Federal Tax Payment System

Electronic Federal Tax Payment System (EFTPS) is an online service that allows taxpayers to electronically submit federal tax payments 24/7. EFTPS can be used by corporations or individuals to make personal or business tax payments. It offers convenience by allowing secure payments on your schedule without visiting an office or mailing payments. Funds are transferred directly from your bank account to the federal government.

Who Can Participate in Electronic Federal Tax Payments?

EFTPS is available for businesses, financial institutions, payroll companies, tax practitioners/CPAs, and individuals to make personal or business federal tax payments easily.

Which IRS Tax Payments Can You Make Through EFTPS?

A range of payments are facilitated via EFTPS, such as:

• Estimated tax payments
• Corporate tax payments
• Self-employment tax payments
• Payroll tax payments, including Federal Insurance Contribution Act (FICA) taxes
• Excise tax payments on specific commodities

Get Started

Business Taxes:

Once enrolled, your business can use EFTPS to make electronic tax payments for the following:

Form 720: Quarterly Federal Excise Tax Return

Form 940: Employer’s Annual Federal Unemployment Tax (FUTA) Return

Form 941: Employer’s Quarterly Federal Tax Return

Form 943: Employer’s Annual Tax Return for Agriculture Employees

Form 945: Annual Return of Withheld Federal Income Tax

Form 990-C: Farmer’s Cooperative Association Income Tax Return

Form 990-PF: Return of Private Foundation

Form 990-T: Exempt Organization Business Income Tax Return

Form 1041: Fiduciary Income Tax Return

Form 1042: Annual Withholding Tax Return for U.S. Sources of Income of Foreign Persons

Form 1120: U.S. Corporation Income Tax Return

Form CT-1: Employer’s Annual Railroad Retirement Tax Return

You can also make non-depository payments of federal income, estimated, estate and gift, employment, and excise taxes.

Click here to learn more about all the business federal taxes you can pay using EFTPS.

Individual Taxes:

Use EFTPS to make individual tax payments for the following:

Form 1040: U.S. Individual Income Tax Return

Form CT-2: Employee Representative’s Quarterly Railroad Tax Return

Form 706: U.S. Estate (and Generation-Skipping Transfer) Tax Return

Form 709: U.S. Gift (and Generation-Skipping Transfer) Tax Return

Form 926: Return by a U.S. Transferor of Property to a Foreign Corporation

Form 990-BL: Information and Initial Excise Tax Return for Black Lung Trusts

Form 5329: Additional Taxes on Qualified Plans (including IRAs)

Form 8288: U.S. Withholding Tax Return for Dispositions by Foreign Persons

Form 8404: Interest Charge on DISC-Related Deferred Tax Liability

Click here to learn more about all the individual federal taxes you can pay using EFTPS.

Get Started

Make Federal Tax Payments with Tax1099 EFTPS Solution

As an IRS-authorized eFiling platform for 1099, W-2, and 94X forms, Tax1099 offers the Tax1099 EFTPS Solution, a secure and convenient way for individuals and businesses to pay their federal tax obligations.

How to Make IRS Tax Payments?

Follow these steps to pay your federal taxes using Tax1099:

Step 1: Gather Info to Enroll Yourself

• Taxpayer Identification Number (EIN or SSN)
• Bank account details
• Name and address as listed on IRS tax documents

Note: If you’re not enrolled, select ‘Add Enrollment’ and fill in the required details. Choose individual or business based on your filing type.

Step 2: Enter Taxpayer Details

Enter your EIN or SSN, the four-digit PIN from the IRS, and the bank information you used during enrollment.

Step 3: Verify the Details

Select the tax form, payment type, tax period, and amount. Tax1099 allows scheduling payments up to 365 days in advance, helping you avoid late fees or penalties.

Double-check all the details for accuracy.

Step 4: Make Your Payment

Select EFTPS Direct as the payment method, which authorizes a transfer from your account to the Treasury. Choose ACH Debit on the enrollment form.

Schedule your payment at least one business day before your due date, prior to 8:00 PM ET.

Step 5: Get Notified Upon Payment Confirmation

Once accepted, you’ll receive an EFT Acknowledgment Number and a confirmation email.

Need More Guidance?

If you owe federal taxes, don’t worry. Tax1099’s tax professionals can assist you with IRS tips and payments. You can also chat with our AI-powered tax assistant available 24/7. When you eFile with us, we make IRS payments easy.