Filing your federal and state income taxes can be burdensome for business owners and individuals. It is possible to arrange to pay your taxes electronically, but many people who have never done it before can find it challenging.
Sponsel CPA Group is here to help with a handy set of step-by-step instructions for paying your federal and Indiana taxes online!
Electronic Federal Tax Payment System (EFTPS)
Some businesses were pre-enrolled in EFTPS, but individuals were not. Individuals can still register with the service and use it to pay any balance due from their federal tax return, as well as make quarterly estimated tax payments. The website also allows you to track payment history.
If you’re not already enrolled, go to https://www.eftps.gov/eftps/ and follow these instructions:
- Click on the “Enroll” button.
- Accept the terms and choose “Enroll me as an individual.”
- You will then be prompted to enter personal information such as social security number, name, address, bank information, etc.
- Within five to seven days after enrolling, you will receive a PIN and enrollment number via U.S. mail. This letter will also have instructions as to how to complete the registration process including creating a username and password.
Once you’re registered, it’s easy to make payments online by logging in and following the prompts. Tax payments must be submitted one calendar day before the tax due date in order for the payment to be processed in a timely manner. You can make payments up to 365 days in advance if desired. You will receive an Acknowledgement Number as proof of payment. Make sure to retain it for your records.
If you still prefer to enroll by phone and “snail mail,” call (888) 725-7879 to request an enrollment form by mail. You will complete the form and receive a PIN within seven business days after EFTPS receives your enrollment form. Then call (800) 555-3453 anytime to make a telephone payment. You will need your social security number and EFTPS PIN.
Indiana Department of Revenue ePay
Indiana’s ePay system allows individuals and businesses to make bill payments, estimated tax payments, extension payments and balance due income tax payments. You do not need to register an online account with the ePay system.
Go to http://www.in.gov/dor/4340.htm and click on “Get Started” near the bottom of the page.
- Select the type of payment you would like to make (i.e., Tax Return Payment, Estimated Payment, etc.).
- Enter your personal information as prompted. The website will ask for information such as filing status, social security number, payment amount and tax year to verify your identity.
- Continue through the prompts until the payment is submitted.
Indiana ePay payments can be scheduled up to 90 days in advance using the electronic check feature. Electronic checks require a $1 fee. If using a credit card, a sliding fee will be charged based on the amount paid.
You will receive a Payment Confirmation Number and/or Electronic Transaction Number as proof of payment. Make sure to retain for your records.
If you need any assistance with setting up electronic tax payments, please call Lindsey Anderson in our Tax Services department at (317) 608-6699 or email [email protected].