What payment options are available to pay the IRS for 94x filing?
5.9k views | Last modified 4/5/2021 11:04:53 AM EST | Added by TaxBandits Team

Applicable To
94X 1099 W-2 ACA W-4

If you owe any tax to the IRS when filing 94x forms, you can opt for payments to the IRS through one of the following methods:

  • Electronic Funds Withdrawal (EFW)
  • Electronic Federal Tax Payment System (EFTPS)
  • Credit/Debit Card
  • Check, or Money Order
     

Electronic Funds Withdrawal (EFW)


 

Electronics Funds Withdrawal is an e-file payment method available for the taxpayers whose balance due is less than $2500. Provide your bank details for electronic funds withdrawal on the Requested Payment Date which is set to the date of transmission of the return. This is when the actual debit happens. If the debit date falls on a weekend or holiday, the amount will be withdrawn on the next business day. 

You cannot use the EFW option to make the payments for Form 940 when the balance due is more than $500.

Electronic Federal Tax Payment System (EFTPS)

EFTPS is a free system offered by the U.S. Department of Treasury to pay your federal taxes. If you prefer to pay by EFTPS, it is your sole duty to send the payment to the IRS using an EFTPS account after transmitting the return. 

You must schedule payments by 8:00 pm ET the day prior to the deadline to be received by the IRS in the EFTPS site after registering. 

Credit Card Payments

If you prefer to pay by Credit or Debit Cards, after you transmit the return, it is your sole duty to choose any IRS approved payment processor to make the payment as the IRS doesn't accept credit card payments directly.  

Fees and/or charges may apply, and they differ depending on your card type and payment amount.

Check or Money Order

You need to download and print the payment voucher and the respective Form 94x from the Print Center. Make your check/money order payable to the U.S. Treasury. 

Do not staple or paperclip the check or voucher to the printed copy of the respective 94x form. Mail the voucher, check/money order along with the printed form 94x to the U.S. Treasury to the appropriate address specified on the instruction page.

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