Online Tax Payment And Filing For Small Businesses

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Executive Summary

The IRS wants businesses to pay their taxes online, as well as file their taxes online. It's faster, eliminates the need for the IRS to have people open envelopes and process paperwork and has been running for more than a decade. The Electronic Federal Tax Payment System (or EFTPS) offers taxpayers the technology to make payments online. You can submit all federal taxes through the system, either online or by phone. That includes quarterly estimated taxes - even if you wish to make payments weekly, monthly or quarterly. The payment is deducted from your bank account and sent to the Department of Treasury. You can even schedule payments ahead of time if need be.

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