ROCK HILL, SC / ACCESSWIRE / September 25, 2024 / TaxBandits, a leading IRS-authorized e-file provider, continues to enhance the tax filing experience with its intuitive platform and innovative features. In its latest update, TaxBandits now offers support for EFTPS (Electronic Federal Tax Payment System) payments, allowing businesses to seamlessly make federal tax payments directly through the platform.
This new feature is designed to simplify the e-filing process for businesses of all sizes, further strengthening TaxBandits' commitment to delivering efficient and user-friendly solutions for tax compliance.
A Closer Look at EFTPS
The Electronic Federal Tax Payment Service (EFTPS) provides taxpayers with a convenient way to deposit or pay federal taxes to the IRS. This service is designed to make IRS tax payments simple, secure, and less time-consuming. Businesses can use EFTPS to electronically pay various federal taxes associated with the following tax forms:
941: Employer's Quarterly Federal Tax Return.
940: Employer's Annual Federal Unemployment (FUTA) Tax Return.
943: Employer's Annual Federal Tax Return for Agricultural Employees.
944: Employer's Annual Federal Tax Return
945: Annual Return of Withheld Federal Income Tax.
990-PF: Return of Private Foundation or Section 4947(a)(1) Trust Treated as Private Foundation.
990-T: Exempt Organization Business Income Tax Return.
1120 - U.S. Corporation Income Tax Return
720 - Quarterly Federal Excise Tax Return
CT-1: Employer's Annual Railroad Retirement Tax Return.
1041: U.S. Income Tax Return for Estates and Trusts.
1042: Annual Withholding Tax Return for U.S. Source Income of Foreign Persons.
In addition to simplifying the tax filing process, TaxBandits now supports EFTPS online payments, enabling businesses to pay their federal taxes securely. Clients can simply register for EFTPS through TaxBandits to ensure timely tax payments.
The Benefits of Choosing TaxBandits' EFTPS Services
TaxBandits streamlines the payment process for clients with the EFTPS tax payment option, offering several key benefits:
Secure Payment Option: TaxBandits adheres to all IRS guidelines and incorporates advanced security measures, enabling clients to pay taxes confidently. They can use TaxBandits to pay taxes, even if the returns are filed elsewhere.
Easy Registration Process: TaxBandits provides a user-friendly interface that simplifies the EFTPS registration process. All it takes is a few simple steps to complete the registration.
Scheduled Payments: Clients can schedule the tax payments to be debited from their bank account on the preferred date.
Payment Tracking: Clients can easily track payment history, monitor past transactions, and maintain accurate records.
Notifications: Clients receive email reminders prior to payment withdrawals, keeping them informed of upcoming payments.
Clients can contact TaxBandits' dedicated support team for any questions via live chat, phone (704.684.4751), or email ([email protected]). With the addition of EFTPS, TaxBandits remains committed to helping business owners manage their tax obligations efficiently and securely.
The EFTPS service can be enabled from all TaxBandits accounts for business owners, and new clients can get started by creating a free account at taxbandits.com
About TaxBandits
TaxBandits is a SOC 2 Certified, IRS-authorized e-file provider specializing in various tax forms such as Form 941, Form 940, Form 1099, Form W-2, Form 1095-C, Form 1095-B, and Form W-9. Serving businesses, service providers, or tax professionals of every shape and size, TaxBandits offers a complete solution that fulfills all filing needs.
BOI Reporting Solution
In addition to tax filing services, TaxBandits offers a comprehensive solution for business and tax professionals to meet their FinCEN Beneficial Ownership Information (BOI) reporting requirements.
Through TaxBandits, clients can easily prepare and submit various BOI reports, including Initial, Corrected, Updated, and Newly Exempt Entity reports. Additionally, clients who file their BOI reports through TaxBandits can make free corrections or updates within one week of the original submission date.
API Solution
TaxBandits provides another advantage for high-volume filers and software providers. TaxBandits API enables seamless preparation and e-filing of 1099, W-2, 941, 940, and ACA 1095 forms and BOI reporting. Use the developer filing 1099 API to request W-9 and automate efficient filings.
About SPAN Enterprises
Headquartered in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software tools for e-filing and business management for over a decade. The SPAN Enterprises portfolio includes TaxBandits, Tax 990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.
For media inquiries, please contact:
Stephanie Glanville
Content Writer, SPAN Enterprises
[email protected]
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SOURCE: TaxBandits