E-pay 940 and 941/944 in QuickBooks
To submit your federal payments in QuickBooks to EFTPS, you need:
To set up your 940 and 941/944 scheduled payments for e-pay:
Go to Employees> Payroll Center.
Open the QuickBooks Payroll Setup.
In QuickBooks 2013 and earlier supported versions:
In QuickBooks 2014:
Select a scheduled tax payment (Federal 940 or Federal 941/944) and click Edit.
In the Payment (deposit) method options, select E-pay. Make sure that the payee and payment frequency is correct.
Select the bank account where you want to track the scheduled tax payment in QuickBooks and click Edit.
Edit your bank account information if necessary and click Finish. This will bring you back to the QuickBooks Payroll Setup.
At the lower left of the QuickBooks Payroll Setup window, click Finish Later.
You can now create and send your federal e-payments to EFTPS in QuickBooks. The payment must be sent before 8PM EST, two banking days prior to the due date. Keep in mind that if the agency is experiencing problems the submission may not reach them immediately.
If it is past 8PM EST, two banking days prior to the due date, you can e-pay directly through the EFTPS website. Payments must be scheduled at least one calendar day before the tax due date by 8 PM EST to reach the Internal Revenue Service (IRS) on time. See EFTPS FAQ for more information.
To create and submit your 940 and 941/944 e-payments:
Choose Employees > Payroll Center.
Select the tax liability you want to pay.
In QuickBooks 2014:
- In the Payroll Center, click Pay Liabilities tab.
- In the Pay Taxes & Other Liabilities section, select the liability you want to pay.
In QuickBooks 2013 and supported earlier versions:
Click the View/Pay button.
If you get "The withdraw on date entered is not valid" error, click here.
- Click OK in the error window.
- In the Liability Payment window, change the Withdraw On date to at least 1 business day in advance from the day you are sending the e-payment.
If you want to be debited a day after sending, we suggest that you contact IRS instead of using QuickBooks to process the payment.
Click the E-Pay button at the bottom. This displays the E-Pay Login screen.
Enter the 4-digit EFTPS PIN twice, and the Internet password twice. Enter the contact phone number and verify or enter the email address.
If you have recently changed the bank account for your e-payment, use your new PIN.
Expected Outcome: You will get an email to confirm the submission of your e-payment. To ensure that the payment or form is submitted to the agency in a timely manner, it's important to check the status of the e-payment or e-filed form after it's submitted. That way, you'll have time to handle any issues that may come up.
Processing times vary from agency to agency. Some tax agencies can take 24 to 48 hours (or longer) to process electronic forms or payments and others process immediately.