Making federal tax payments through EFTPS allows eligible taxpayers and businesses to pay their federal tax obligations electronically. TaxBandits provides a streamlined platform for setting up and managing eligible EFTPS payments.
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Step 1:
Sign Up for a TaxBandits Account
Create a TaxBandits account or sign in to your existing account.
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Step 2:
Select or Add a Taxpayer
After signing in, select the taxpayer from your TaxBandits account or add a new taxpayer.
Provide the required information, such as the business or taxpayer name, EIN when applicable, address, and other requested details.
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Step 3:
Select the Applicable Tax Form or Payment Type
Select the applicable federal tax form or payment type associated with the federal tax payment you need to make.
Make sure the tax period and payment information are accurate before continuing.
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Step 4:
Complete the Required Authorization
Complete any authorization required for your TaxBandits payment workflow.
If you are using TaxBandits as a reporting agent, you may be required to complete and electronically sign Form 8655, Reporting Agent Authorization, which authorizes the reporting agent to perform certain tax-related activities on
your behalf.
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Step 5:
Add and Verify Your Bank Account
Enter the bank account information you want to use for your federal tax payments.
Review the account details carefully and complete any required verification steps.
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Step 6:
Review and Submit
Review your taxpayer information, payment details, bank account information, and authorization.
Make any necessary corrections and submit the information to complete the required setup.
The IRS states that new EFTPS enrollments can take up to five business days to process. Plan ahead to allow sufficient time for enrollment and payment scheduling.
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Step 7:
Schedule Your Federal Tax Payment
Once the required setup is complete, schedule your federal tax payment through TaxBandits.
Enter the payment amount and payment date, review the details, and submit the payment.