What payment options are available to pay the IRS for 94x filing?

Last modified 5/25/2020 3:39:53 AM EST

When you file a 94x form and owe a balance to the IRS, you have several ways to help you make your payment securely and on time.

1. Electronic Funds Withdrawal (EFW) 

• Electronic Funds Withdrawal (EFW) allows you to pay directly from your bank account during the e-filing process if your balance due is less than $2,500.

• Provide your bank details and select a Payment Request Date, which is usually the same date your return is transmitted. The IRS will automatically debit the amount from the bank account provided on the Payment Request Date.

• Note: You cannot use the EFW option for Form 940 if the balance due is more than $500.
  
  
   

2. Electronic Federal Tax Payment System (EFTPS)

• EFTPS is a free online service provided by the U.S. Department of the Treasury to pay federal taxes.

• If you choose EFTPS, you are responsible for making the payment after transmitting your return. Payments must be scheduled by 8:00 PM EST the day before the tax deadline to be received on time by the IRS. 

3. Credit/Debit Card Payments

Depending on your balance, you can pay by card in one of two ways:

• Balance under $2,500:
  Pay directly in your TaxBandits account after IRS acceptance, via our secure partner ACI Payments, Inc.

• Balance over $2,500:
  Pay on the IRS website at www.irs.gov/payments 

Note: A convenience fee may apply, as charged by the credit card processor.

 

4. Check or Money Order

Mail your payment with a printed voucher.

• Download the payment voucher and a copy of your filed form from the Distribution Center.

• Make the check or money order payable to “United States Treasury.”

• Do not staple or paperclip anything together

• Mail to the correct IRS address listed on the form instructions