Filing Your Return(s) and Paying Taxes

Electronic Options for Filing Business Returns and Paying Taxes

Electronic Federal Tax Deposit System (EFTPS)

What taxes can be paid electronically?

Once you enroll in EFTPS, your business can use EFTPS to make tax payments electronically for the following taxes:

Form 720 - Quarterly Federal Excise Tax Return
Form 940 - Employer's Annual Federal Unemployment Tax Return
Form 941 - Employer's Quarterly Federal Tax Return
Form 943 - Employer's Annual Tax Return for Agricultural 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

In addition, you can use EFTPS to make all your federal business tax payments, including income, estimated and excise taxes.

Important References:

Publication 966 (9/2001) New Range of Electronic Choices
Publication 3425(9/2001) 5 Easy Ways to Use EFTPS for Tax Practitioners, Accountants and Payroll Companies
Publication 3889 (9/2001) Something New for 1040ES Taxpayers

Web Link:

www.eftps.gov
The Electronic Federal Tax Payment System (EFTPS)