Tuesday, February 21, 2012

Establishing Electronic Payments to the IRS

Q.  Since we are now full-timers, it is often inconvenient to make estimated tax payments by mail. Is there an easy way to do this online?

A.  Yes! You do so by setting up an account through EFTPS (Electronic Federal Tax Payment System). The first step is to enroll. You simply fill out a questionnaire at their website, then the EFTPS will mail you your PIN number. This is a permanent number and needs to be kept in a secure place. Now you'll be set to make payments, view prior payments, and generally make all necessary payments to the IRS online. Use my link for easy access!

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