How do I make my tax payment for Form 940?
2.5k views | Last modified 11/2/2023 1:48:35 AM EST | Added by ExpressEfile Team

The tax due for Form 940 can be made in multiple payment methods. Please make sure you make the payment before the filing deadline in order to avoid penalties.

Below are the IRS-supported payment methods:

Electronic Funds Withdrawal: You can opt to pay the tax due by this method while you are filing the return. You have to provide your bank account information, and the IRS will debit the tax due amount directly from your account within 1 or 2 business days after you submit Form 940.
 
Electronic Federal Tax Payment System (EFTPS): Once you file your return with the IRS, you will have to log in to your EFTPS (Electronic Federal Tax Payment System) account and initiate the required payment. For an EFTPS deposit to be on time, submit the deposit by 8 p.m. EST the day before the date the deposit is due. 

Check or Money Order: Once you file your return with the IRS, you can send the tax due amount by check or money order. Please make sure you are enclosing the payment voucher Form 940-V along with your check or money order. If you e-file Form 940 with ExpressEfile, the payment voucher will be generated for you.

Credit/Debit Card: The IRS uses standard service providers and business/commercial card networks, and your information is used solely to process your payment. To pay the tax due by credit or debit cards, click here.

Note: You may be charged a processing fee if you choose to pay the tax due using credit or debit cards.

If you choose a payment method other than EFW, it is your responsibility to pay the balance due to the IRS after you e-file your Form 940 through ExpressEfile. To avoid IRS penalties, pay the tax due before the deadline.