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Electronic Federal Tax Payment System The Electronic Federal Tax Payment System (EFTPS) is an online federal tax payment system in the United States designed and maintained by the Internal Revenue Service (IRS) and Bureau of the Fiscal Service branches of the United States Department of the Treasury. [1][2][3][4][5][6][7]
Filing quarterly taxes requires that you use Form 1040-ES, Estimated Tax for Individuals. Your annual tax return from the previous year is necessary to complete this form.
Tax returns in the United States are reports filed with the Internal Revenue Service (IRS) or with the state or local tax collection agency (California Franchise Tax Board, for example) containing information used to calculate income tax or other taxes. Tax returns are generally prepared using forms prescribed by the IRS or other applicable taxing authority.
If you don’t have an employer withholding taxes from your paycheck, you must make estimated payments to the IRS in quarterly installments. The most recent deadline was this week.
Three key types of withholding tax are imposed at various levels in the United States: Wage withholding taxes, [1] Withholding tax on payments to foreign persons, and Backup withholding on dividends and interest.
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