Business Solutions: EFTPS

Easy • Convenient • Accurate • Free

EFTPS® is the Electronic Federal Tax Payment System developed by the U.S. Department of the Treasury’s Internal Revenue Service (IRS) and Financial Management Service (FMS) to enable you to pay your Federal taxes electronically online or over the phone anytime, anywhere and at your convenience.

 

Who can use EFTPS?®
Any business taxpayer can use EFTPS®. It is the easiest way to make ALL Federal tax payments including Form 1040ES quarterly estimated tax payments. Tax payments are initiated right from your home or office using the Internet or telephone and you receive an immediate EFT Acknowledgment number for every EFTPS® transaction.

In addition, any individual taxpayer making payments for Forms 1040, 706 estate, 709 gift taxes or installment payments can use EFTPS® online.

How does EFTPS® work?
Make your tax payments no matter where you are when your taxes are due, 24 hours a day, 7 days a week. Using the payment scheduling capability built into EFTPS®, you can enter your payment instructions up to 120 days in advance. On the day before your scheduled due date, your payment(s) will be initiated. No more missed deadlines, coupons to keep track of, or last minute trips to the bank. Your payment will automatically be deducted from your enrolled bank account and your records will be updated at the IRS on the day you choose.

Is there a cost to use EFTPS®?
No. EFTPS® does not charge taxpayers for its services.

What are the benefits of using EFTPS®?
EFTPS® offers you many benefits over the traditional paper system:

  • It’s fast—you can make a tax payment in minutes
  • It’s accurate—because there are verification steps along the way, you are able to check and review your information before it is sent
  • It’s convenient—EFTPS® is available to you by phone or the Internet 24 hours a day, 7 days a week
  • It’s secure—EFTPS® offers the highest levels of security on the Internet

Contact Business Solutions at (407) 622-3630 for more information, or EFTPS® 24/7 Customer Service at (800) 555-4477.