Q:

How long do you have to make a payment with EFTPS?

A:

Quick Answer

Payment deadlines through EFTPS depend on the date scheduled by a business or individual. The EFTPS system allows businesses and individuals to choose a date of payment, which can be scheduled up to 365 days in advance.

Continue Reading

Full Answer

Payments to EFTPS are due on the scheduled payment date, though individuals have the option to change or cancel their previously scheduled due dates up to two days after the initial scheduling process. Payments must be initiated through the EFTPS system, located at IRS.gov under the Payments link. To make a payment, instructions for payment must be submitted by users to EFTPS by 8:00 p.m. Eastern time, one day prior to the due date; this gives authority to move owed funds towards payment of federal taxes. The funds are officially transferred from your account to the EFTPS system on the scheduled payment deadline.

Learn more about Accounting
Sources:

Related Questions

Explore