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Federal
Employment/Payroll taxes are baid on a monthly or
semi-weekly basis.
Generally if you have a payroll tax liability under
$2,500 you may make annual payments. If your
tax liability is above $2,500 you have to file
monthly or semi-weekly.
Monthly payments are made on the 15th day of the
month for the preceeding month. Semi-weekly
payments are made on a Wednesday or Friday depending
on your payday.
Learn the details of the
payroll
payment requirment and schedule.
Also, see the
IRS website
for Employment/Payroll taxes.
The
IRS allows businesses to make electronic payments
utilizing the EFTPS system.
EFTPS is a
tax payment system provided free by the U.S.
Department of Treasury (IRS). Pay federal taxes electronically
- on-line or by phone 24/7. Visit
EFTPS to enroll.
Businesses and Individuals can pay all their federal
taxes using EFTPS. Individuals can pay their quarterly
1040ES estimated taxes electronically using EFTPS, and
they can make payments weekly, monthly, or quarterly as
well as schedule payments for the entire year in
advance.
IRS EFTPS Website
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