How do I pay the balance due amount on Form 941 to the IRS?
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Last modified 5/27/2020 11:18:48 AM EST
The amount you owe to the IRS after reconciling your Tax Liabilities and Deposits for the quarter is the balance due. And, it can be paid using any one of the following modes.
- Electronic Funds Withdrawal (EFW)
- Electronic Federal Tax Payment System (EFTPS)
- Credit/Debit Card
- Check or Money Order.
Electronic Funds Withdrawal is available only for the taxpayers whose balance due is less than or equal to $2500. When you choose EFW as your payment method, the amount will be automatically debited from your account in 1 or 2 business days after you e-file your return.