EFTPS Tax Payments: A Seamless Payment Option with TaxBandits
Ensure secure and timely federal tax payments with our intuitive solution.
Why Choose TaxBandits for EFTPS Payments?
Pay Taxes Anytime, Anywhere
With TaxBandits, you can conveniently pay your federal taxes 24/7 from anywhere, at any time. Enjoy the flexibility and ease of managing your tax payments on your schedule.
Easy, Secure, and Simple
With TaxBandits, the federal tax payment process is simple, easy, and secure. Our user-friendly platform ensures that even the most complex tax payments are handled effortlessly.
Easy Registration Process
Registering for EFTPS can be complicated, but our system makes it easy. With our user-friendly interface, you can complete the EFTPS registration for your business in a matter of a few minutes.
Get Instant Status Updates
Stay informed about your EFTPS payments. Receive email notifications as soon as your payments are scheduled. You can also find the settlement date on your Dashboard.
Filed Elsewhere? Pay with TaxBandits
If you have filed your tax forms elsewhere, you can still make your IRS federal tax payments quickly and securely through TaxBandits.
Track Payment History
Easily access and review your payment history with TaxBandits. Our comprehensive records help you monitor past transactions, track payment statuses, and maintain accurate financial records for your business.
Manage Payments for Several Businesses
Whether you're a business managing payroll taxes for your employees or handling payments for several businesses, our platform is designed to accommodate your diverse needs.
Seamless 941 Filing with Efficient Payments
In addition to 941 filings, TaxBandits simplifies payment handling by integrating with the Electronic Federal Tax Payment System (EFTPS).
TaxBandits is the Perfect Choice for Each Taxpayer!
Filed Elsewhere? Pay with TaxBandits
If you have filed your tax forms elsewhere, you can still make your IRS federal tax payments easily and securely through TaxBandits.
Handle Payments for Several Businesses
Whether you're a business managing payroll taxes for your employees or handling payments for several businesses, our platform is designed to accommodate your diverse needs. You can make payments for multiple businesses under a single login.
Simplify Payments: Go Digital
TaxBandits offers the opportunity to transition to a paperless tax management system, enabling electronic handling of tax payments. Our platform guarantees quickened, streamlined, and punctual tax payment processes, easing the hurdle associated with traditional paperwork.
Track Payment History
Easily access and review your payment history with TaxBandits. Our comprehensive records help you monitor past transactions, track payment statuses, and maintain accurate financial records for your business.
Get Notified with Reminders
Stay informed about your tax obligations with timely alerts from TaxBandits. Receive notifications for upcoming deadlines and important updates to proactively manage your taxes and avoid hefty penalties.
Types of Federal Taxes You Can Pay with TaxBandits
Employment & Payroll Tax
- 941: Employer's Quarterly Federal Tax Return.
- 940: Employer's Annual Federal Unemployment (FUTA) Tax Return.
- 943: Employer's Annual Federal Tax Return for Agricultural Employees.
- 944: Employer's Annual Federal Tax Return
- 945: Annual Return of Withheld Federal Income Tax.
Non-Profit Organization Tax
- 990-PF: Return of Private Foundation or Section 4947(a)(1) Trust Treated as Private Foundation.
- 990-T: Exempt Organization Business Income Tax Return.
Corporate - Business Income & Excise Tax
- 1120 - U.S. Corporation Income Tax Return
- 720 - Quarterly Federal Excise Tax Return
Railroad Retirement Tax
- CT-1: Employer’s Annual Railroad Retirement Tax Return.
Estate & Trust Tax
- 1041: U.S. Income Tax Return for Estates and Trusts.
Withholding Tax
- 1042: Annual Withholding Tax Return for U.S. Source Income of Foreign Persons.
How to Pay Federal Taxes in EFTPS through TaxBandits?
Select or add Taxpayer
Choose a taxpayer from the existing address book or add a new one, then select the account from which you want to make payments.
Authorize using Form 8655
Review and E-sign Form 8655 to allow TaxBandits to handle your tax payments.
Add & Verify Bank Account
Add the bank account you plan to use for EFTPS payments and verify it.
Review Summary & Schedule Payments
Review the summary and submit your registration. Once registration is complete, schedule your tax payments.
Security is our Top Priority!
As an IRS Authorized e-file provider, TaxBandits is comprehensive and designed to protect the integrity and security of the electronic filing system and maintain the highest IRS federal tax payment standards.
SOC-2 Certified
- TaxBandits is a SOC-2-certified e-file provider, demonstrating our adherence to standard security protocols in safeguarding sensitive Personally Identifiable Information (PII).
Cybersecurity Measures
- In compliance with IRS guidelines, our platform enforces two-factor authentication to prevent unauthorized access to user accounts. Our powerful security features are purposefully designed to fortify data protection.
Industry-Standard Verification
- For IRS federal tax payments, TaxBandits diligently verifies bank account details employing a rigorous industry-standard verification process to ensure the security of sensitive financial information.
Frequently Asked Questions on IRS EFTPS Payments
Electronic Federal Tax Payment System (EFTPS) is a service offered by the U.S. Department of the Treasury for paying federal taxes online. The system is available 24/7. Through EFTPS, you can pay income, employment, estimated, and excise federal tax payments.
EFTPS provides a streamlined and secure way for businesses and individuals to manage their federal tax payments.
- Requirement for Corporations: Corporations must use EFTPS to pay their federal taxes electronically. This system is mandated to ensure secure and efficient tax payments.
- Other Businesses: Other businesses are not mandated to use EFTPS but may choose to do so.
- Payment Options for Individuals and Smaller Businesses: Individuals and smaller businesses can pay their federal taxes using checks, money orders, or cash sent directly to the IRS.
Form 8655, also known as the "Reporting Agent Authorization," authorizes a reporting agent to handle tax filings and payments on behalf of a business. This form authorizes them to prepare and file specific tax forms, including Form 940, 941, 943, 944, 945, 1041, 1042, 1120, and others, for making federal tax payments to the IRS.
When you register for EFTPS through TaxBandits, you are required to authorize TaxBandits as your reporting agent to make tax payments/deposits on your behalf.
TaxBandits EFTPS service is tailored to serve businesses, employers, gig workers, self-employed individuals, and anyone with federal tax obligations.
Yes, if you have previously registered on the EFTPS (Electronic Federal Tax Payment System) site, you will need to register again to use EFTPS through TaxBandits.
Yes, if you manage taxes for multiple businesses, you need to register for each business separately in EFTPS. This is necessary because each business has its own unique Employer Identification Number (EIN) and separate bank account. The bank accounts will be verified to use for EFTPS payments. We will share this information with the IRS to debit your federal tax payments.
The main difference between EFTPS and Direct Pay is that EFTPS is available for both individuals and business owners, while Direct Pay is only for individuals. Both services let you schedule payments up to 365 days in advance and cancel pending payments up to 2 days before the scheduled date. However, EFTPS allows payments up to $50 million, whereas Direct Pay has a cap of $10 million.