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March 12, 2020
Question

Using EFTPS to deduct taxes due from your checking account

  • March 12, 2020
  • 1 reply
  • 0 views

When you get to the point where you can choose to pay your Federal tax due and you choose "deduct from my bank account", the program puts you in touch with the EFTPS to set up a pin and password with the Federal Program in order to pay it.  However, if you already have an account set up, it does NOT give you the option of bypassing this and logging into your existing EFTPS account, which is a problem.  I checked with EFTPS and they said it is not wise to have two separate logins or accounts with them as it can cause confusion on their end. If you already have an existing account (for example used to pay estimated taxes throughout the year), then click on "I will send in a check" so you can file your return.  Then login to your EFTPS account later and set up a date and payment with your existing account.  TurboTax needs to have something on that first choice that says "I already have a EFTPS account" so it will bypass that part and you won't be assigned another PIN # and password.

    1 reply

    Employee
    March 12, 2020

    Thank you for the suggestion but at this time the work around it to click the "I will send a check".

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    October 20, 2021

    Didn't answer question

    Employee
    October 20, 2021

    @jrbaabrbbrweb

     If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, having the payment taken out of a designated bank account, or you can pay directly on the IRS website. 

     

    https://www.irs.gov/payments/direct-pay 

     

     

    https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212

     

     

    https://ttlc.intuit.com/community/tax-payments/help/how-do-i-pay-my-irs-tax-due-with-a-check-or-money-order/00/26403 

     

    You must pay your state tax due using the state’s preferred method of receiving payment.  For most states that will be by making a payment to the state’s own tax website, or by mailing a check or money order.

    https://ttlc.intuit.com/questions/1900884-what-are-my-options-for-getting-my-state-refund-or-for-paying-any-state-taxes-i-owe

     

    https://ttlc.intuit.com/questions/1901670-how-do-i-contact-my-state-department-of-revenue

     

     

    To apply for a payment plan with the IRS

     

    Apply Online for a Payment Plan

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**