Online Federal Tax Payments by EFTPS
Convenient options for paying federal business taxes
U.S. Department of the Treasury Tax Payment System
A Free Federal Business Tax Payment System
EFTPS stands for Electronic Federal Tax Payment System, it is the easiest way to pay all your Federal Taxes. When you enroll in EFTPS Direct you can use EFTPS Online to make a payment, cancel a payment, review your payment history, change bank account information...and more! It's easy to navigate, and secure with both a PIN and Internet Password combination.
EFTPS is available 24 hours a day, 7 days a week to pay all your Federal business taxes.
Read below for more information on EFTPS and when you're ready to enroll just visit their web site at www.eftps.gov.
Here's What You Need to Know About EFTPS
It's Easy to Use
EFTPS is a tax payment system offered free from the U.S. Department of the Treasury, designed with busy business taxpayers in mind. Using the Internet, Personal Computer (PC software) or a phone, you input your tax payment information and send it. That's all! If you prefer to use your PC, you can receive free EFTPS Windows® based software that's easy to install and use.
You Decide Your Payment Method
When you enroll in EFTPS, you can select how you want to make your payments. There are two primary payment methods with EFTPS. You can select one or both methods:
- EFTPS Direct (ACH Debit): This is available to both individual and business taxpayers, we feel EFTPS Direct also offers the taxpayer the most flexibility.
- EFTPS Through another financial institution (ACH Credit): This is available only to business taxpayers. At this time, DCU does not offer this option.
How to Enroll
Before you enroll in EFTPS, you'll need to have some information ready:
- Your Taxpayer Identification Number (TIN)
• For businesses, this is your EIN (Employer Identification Number)
• For individuals, this is your SSN (Social Security Number)
- You will also need to complete the name, address, and telephone number information on the New Taxpayer Enrollment Form.
- All EFTPS materials and correspondence will be mailed to the IRS address of record. This is the address on file with the IRS as it appears on your tax returns or IRS documents.
- Your email address is optional. But should EFTPS Online ever need to contact you immediately regarding an update or change, your email address will come in handy. Your email address will not be shared with anyone.
You input and verify all of the information. After all your information is validated, you will be presented with an Enrollment Confirmation page that includes an Enrollment Trace Number. You will be requested to print this page for your records.
After you complete your online Enrollment Form, Confirmation materials will be created and mailed within 15 business days to the primary contact name and the address you indicated. Your Personal Identification Number (PIN) and instructions on how to obtain your Internet Password will be mailed to your official IRS address of record (this is the address that appears on your tax return or IRS documents.)
EFTPS Direct (ACH Debit)
EFTPS Direct is an electronic payment method that allows you to access EFTPS directly to report your tax information. You will instruct EFTPS to move the funds from your account to the Treasury's account on the date you indicate. Funds will not move from your account until the date you indicate, (no government agency has access to your account), and your tax records will be updated with the IRS. You can initiate your payment directly to EFTPS using the Internet, PC, or your phone.
With EFTPS Direct all 3 methods are interchangeable. Use the Internet at the office, the PC at home, or the phone if you're on vacation. All EFTPS input methods are interchangeable and can be used as back up.
Here's How EFTPS Direct Works:
- Step 1 At least one calendar day prior to your tax due date, before 8:00 PM ET, you access EFTPS by Internet, PC software, or phone. EFTPS will prompt you for the necessary information to complete your tax payment.
- Step 2 The system processes the information reported, and when accepted, you receive an Electronic Funds Transfer (EFT) Acknowledgment Number that you should keep for your records in case of any questions at a later date.
- Step 3 Once your tax payment instructions are accepted, EFTPS will originate an ACH debit transaction against your designated account on the date you indicated when you made your tax payment.
- Step 4 The funds will be transferred to the Treasury's account and the tax data will be reported to the IRS to update your tax records.
EFTPS DCU Does Not Offer (ACH Credit) At This Time
EFTPS can be used by business taxpayers with certain financial institution accounts. Not all financial institutions offer this service. DCU does not offer EFTPS through (ACH Credit) at this time.
Is EFTPS Secure?
For you to use EFTPS Direct, you will receive a Personal Identification Number (PIN). Your PIN must be used in combination with your Taxpayer Identification Number (TIN) to gain access to EFTPS by Internet, PC software, or phone. You have complete and exclusive control over your PIN. The government does not have access to your PIN.
If you use EFTPS Online, you will also be issued a password that together with your PIN and TIN gives you maximum security online.
Frequently Asked Questions
The EFTPS site provides online help, customer support and online FAQ sections.