Posted by srnotary_CA on 12/13/05 10:05am
Msg #82148

How many of you have used the......

Electronic Federal Tax Payment System (EFTPS). Is it required. I will probably get blasted but I just started working in October and the next payment for this system is in January. I am just wondering if it is required or can I use my own savings account for this? TIA

Reply by PAW_Fl on 12/13/05 11:30am
Msg #82187

EFTPS-OnLine (eftps.gov) is a secure government Web site that uses the highest level of security available. Every user must have a secure Internet browser with 128-bit encryption in order to access the site. To log on to the system, an enrolled user must be authenticated with three pieces of unique information known only to the user: Taxpayer Identification Number (EIN or SSN), EFTPS Personal Identification Number (PIN), and an Internet Password. The combination of these three pieces of identification adds to the security of the site and the privacy of taxpayer data. It is not **required** that you use, but a nice option.

Reply by srnotary_CA on 12/13/05 11:52am
Msg #82192

Thanks Paw. I appreciate the info. I am just trying ot figure out the best way to hold back money for taxes and such.

Reply by Dennis D Broadbooks on 12/13/05 12:43pm
Msg #82203

Paul...

...do you utilize EFTPS yourself? If so, what's been your experience as far as ease of use, etc. I just went to their web site & completed the forms they require to be set up.

Reply by PAW_Fl on 12/13/05 1:09pm
Msg #82220

No, I don't use it (n/m)

Reply by Mdene_AZ on 12/13/05 1:35pm
Msg #82227

Re: No, I don't use it (n/m)

I want to know more about what you are talking about. Do you know a website I can browse?

Reply by srnotary_CA on 12/13/05 2:05pm
Msg #82237

Re: No, I don't use it (n/m)

This is what we are talking about. Hope it helps you.

http://www.irs.gov/efile/article/0,,id=98005,00.html

Reply by Roger_OH on 12/13/05 2:36pm
Msg #82249

Not required...

if you are only a sole proprietor and have no other employees than yourself. There may be different requirements if you incorporate your notary company as an S Corp, LLC, etc. I just pay estimated taxes (federal, state, city) every quarter, and see no benefit for me to doing it the other way.

Reply by PAW_Fl on 12/13/05 2:46pm
Msg #82252

eftps.gov

As I posted in my original post, this is the website for EFTPS On-Line.