Quarterly Tax Payments Meet the Computer Age
The Electronic Federal Tax Payment System (EFTPS), the program that allows business and individual taxpayers to make electronic tax payments by telephone and Internet, offers a program whereby taxpayers can make quarterly estimated tax payments electronically. Those quarterly payments can be set up for the year and payments will be made automatically on the dates you specify.
The EFTPS provides an option for online users of the service to review tax payment history and print out a confirmation of payment. Business taxpayers can schedule online payments up to 120 days in advance. Individual taxpayers can schedule online payments up to 365 days in advance.
To use the EFTPS, taxpayers must enroll in the program. You can enroll online at www.eftps.gov or you can call 1-800-945-8400 or 1-800-555-4477 for information. A personal identification number (pin) is assigned when you enroll, and the pin serves as your password for access to your personal information on the Internet site.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.