How to Make Federal Tax Deposits?

All corporate tax deposits will need to be made using the Electronic Federal Tax Payment System (EFTPS). Some associations use the EFTPS system through their bank. Most associations will need to set up the system themselves at www.eftps.gov.

EFTPS

Electronic Federal Tax Payment System (EFTPS) is a free service offered by the US Department of Treasury to pay federal taxes electronically. The enrollment process takes up to seven business days to complete as the PIN and instructions are mailed separately.

Payments can be scheduled up to 120 days in advance. You can cancel payment instructions up to 2 business days before payment is due.

Payments must be made one calendar business day prior to the tax due date by 8:00PM Eastern Time (5:00pm Pacific)

An immediate acknowledgment number is received as receipt of the transaction. This is the preferred method of tax deposit according to the IRS.

You have 16 months of payment history online.

There are some EFTPS Issues that we would like to bring to your attention ~

• Be sure and pass on login information at the time of management company transition
• Need to update contact information on EFTPS site when change of management companies
• To obtain lost PIN/Lost Internet Password – call 800.555.8778

• You will need to change/update EFTPS each time a bank account is changed
• This is an “additional” enrollment on the website

• If you are using Third Party Authorization (e.g. bank enrollment) and you change banks you will need to revoke the authorization (Form 9783T with “revoke” written across copy)
• Send form to Third Party
• Or can Fax/Mail to EFTPS – 866.568.249
• EFTPS Customer Service
  P.O. Box 173788
  Denver, CO 80217-3788
  Fax – 866.568.2493

• If you are using electronic filing with a Third Party and want to also make other Federal tax payments an “additional enrollment” is necessary (with separate login and password)

• Make sure that all enrollment information is kept in a very secure place and that there are controls over the usage of EFTPS.