E-pay 940 and 941/944 in QuickBooks
This article provides a step by step instruction in setting up your 940 and 941/944 scheduled tax payments for e-pay in QuickBooks.
What are the requirements to pay Federal 940, 941/944 through epay in QuickBooks?
How do I recover my 4-digit EFTPS PIN and/or my Internet Password if I forgot them?
- Forgot the 4-digit EFTPS PIN: Call 1.800.555.4477 and IRS will resend it to you by U.S. Mail. IRS can schedule a payment for you in the meantime if you verify certain information. For security reasons, your PIN must be mailed; it can't be given to you over the phone.
- Forgot the Internet Password: See Update your EFTPS Internet Password
To set up your 940 and 941/944 scheduled payments for e-pay:
Go to Employees> Payroll Center.
Open the QuickBooks Payroll Setup depending on your QuickBooks version:
In QuickBooks 2014 and 2015:
In QuickBooks 2013 and earlier supported versions:
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.
Expected Outcome: 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. 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.
IMPORTANT!: See 100-K next-day deposit rule for 941 taxes
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 and 2015:
- 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.