If you owe taxes when you file your federal tax return, you can pay electronically using the Electronic Federal Tax Payment System. The system is a free, secure service provided by the Department of Treasury, according to an Internal Revenue Service news release.
The system can be used by businesses and individuals and can be accessed via phone or the Internet.
Payments include corporate, excise and employment taxes as well as your 1040 quarterly estimated tax payments. You can schedule payments up to 365 days in advance of the due date as an individual or up to 120 days in advance as a business.
Scheduled payments can be canceled up to 48 hours before the scheduled payment due date, the release said.Payments are acknowledged immediately with a receipt and help help is 24 hours a day, seven days a week.
After you enroll in the system, you will receive a confirmation package by mail. A separate mailing will include your personal identification number and instructions for activating your account.
Employers who apply for and receive a new Employer Identification Number and have a federal tax obligation are automatically enrolled in the system’s ExpressEnrollment to make their Federal Tax Deposits.
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