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July 10, 2024
Question

EFTPS doesn't list 1040-ES to make my estimated tax payment

  • July 10, 2024
  • 1 reply
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I am a first year sole proprietorship and I am wanting to make my estimated tax payment. I have an account on EFTPS under my Business EIN/TIN however when I click payment, there is no 1040-ES form listed nor any form that has estimated so I am confused as to how to make the payment. I'm hoping someone can clarify how I go about this....I also have an account on Pay1040.com and if I select Make a Payment and select Business, there is also no 1040-ES form listed.

    1 reply

    July 10, 2024

    A 1040ES is an actual paper form that can be used if you are mailing in a check or money order.  You do not need to use a 1040ES to make an estimated payment online.   If you make those payments online, you need to keep your own accurate records of how much you paid so that when you prepare your tax return at tax time, you can enter how much you paid during the year.

     

    At tax time:

     Go to Federal>Deductions and Credits>Estimates and Other Taxes Paid>Other Income Taxes 

     

    **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.**
    July 10, 2024

    The challenge is you HAVE to select a form on both Pay1040.com as well as EFTPS, so if not using 1040-ES, which form should be chosen for the estimated tax payment?

    July 10, 2024
    **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.**