IRS e-file for Business and Self-Employed Taxpayers

IRS e-file has become the most used option for filing individual and business tax returns. The IRS will confirm receipt of your return within just 48 hours. E-filers receive refunds in about half the time as do paper filers—even faster with direct deposit. E-file also offers the convenience of filing tax returns early and delaying payments owed until the due date. In most states you can also e-file your federal and state returns at the same time. E-file forms include:

• Employment taxes– Forms 940, 941, and 944
• Partnerships– Forms 1065 and Form 1065-B
• Estates and trusts– Form 1041
• Information returns– Forms 1042-S, 1098, 1099, 5498, 8027, and W-2G
• Corporations– Forms 1120 and 1120-S
• Excise tax– Form 720
• Heavy Highway Vehicle Tax– Form 2290
• Charities and non-profits– Forms 990, 990-EZ, 990-N, 990-PF, and 1120-POL
• Extensions of Time To File- Forms 7004 and 8868

Methods to Electronically File your Employment Taxes include:

• Using an authorized IRS e-file provider;
• Using a payroll service provider (reporting agent); or
• Using a third-party transmitter.

Benefits of Paying Business Taxes by Electronic Funds Withdrawal

E-filing a balance due return with an electronic payment is a safe and convenient way to be assured of on-time receipt and acknowledgement. Paying business taxes by Electronic Funds Withdrawal can be made for:

• Form 720, Quarterly Federal Excise Tax Return;
• Form 940, 941, and 944 tax forms;
• Form 1041, U.S. Income Tax Return for Estates and Trusts;
• Form 1120 and Form 1120-S, U.S. Corporation Income Tax Return and Schedule K-1 (including amended returns);
• Form 2290, Heavy Highway Vehicle Use Tax Return;
• Form 7004, Application for Automatic 6-month Extension of Time to File Certain Business;
• Income Tax, Information and Other Returns;
• Form 8868, Application for Extension of Time to File an Exempt Organization Return; and
• Form 990-PF, Return of Private Foundation or Section 4947(a) (1) Nonexempt Charitable Trust Treated as a Private Foundation and Form 1120-POL.
• Payments can also be made for penalties related to Form 1065 and Form 1065-B, partnership returns.

Payments scheduled for withdrawal on or before the return due date will be considered timely. Forms 940, 941 and 944 payments cannot be scheduled in advance.

Electronic Federal Tax Payment System (EFTPS) Pays All Your Federal Taxes Securely

EFTPS allows taxpayers to schedule their payment instructions up to 120 days in advance of a due date for business taxes, and 365 days for individual taxes. EFTPS is safe and easy to use, plus you receive an immediate acknowledgement number for every transaction as a receipt. You also get a 16-month payment history online.

Express Enrollment for New Businesses and Required Taxpayers

Any new business taxpayer who requests a new Employee Identification Number and has federal tax deposit obligations is pre-enrolled in EFTPS.

Express Enrollment for FTD Coupon Payers

A percentage of business taxpayers who previously used federal tax deposit (FTD) coupons are pre-enrolled in EFTPS to make their payments electronically. They will not receive additional coupons. A percentage of current FTD coupon payers are also automatically pre-enrolled in EFTPS to make all their federal payments electronically. They will be sent a mailing containing an EFTPS PIN (Personal Identification Number) and instructions for activating their enrollment. FTD coupons will no longer be automatically mailed.

To enroll or for additional information, visit the EFTPS Web site or call EFTPS Customer Service at (800) 555-4477, (800) 733-4829 (TDD), or (800) 244-4829 (Spanish). For additional information on employer retirement plans, call Exempt Organizations and Employer Plans Customer Account Services at (877) 829-5500.