Friday, November 28, 2008

Electronic Paying

Much is said about eFiling, filing your federal tax returns electronically, but how often do you hear about ePaying, paying your federal taxes electronically. The IRS has made it easy to file and also easy to pay thru an online system called EFTPS, which stands for Electronic Federal Tax Payment System. This system may work well for individuals who have an installment agreement with the IRS to re-pay a federal tax debt and would really work will for any business owner who is the person responsible for paying the company’s payroll taxes.

The system is quick and convenient. Enrollment is easy as well. All that is required is simply calling the EFTPS customer service number at 800-555-4477 and speak directly with a representative. You will need to give them your name, social security number, spouse’s social security number, mailing address, contact phone number and banking information complete with account number and routing number. Once you get set up in the system you will be notified what your PIN number is and to call to establish your password and then your ready to access the system. Give it a try, I’m sure you’ll love it!

No comments: