Skip to main content

Legal

Tax & Accounting

Trade & Supply

Risk & Fraud

News & Media

Books

Developers

e-file 1120 returns

E-file payment options

Corporate taxpayers can e-file and pay balance due returns electronically in a single step. Corporations have multiple options for paying the balance due on a Form 1120 or 1120S when electronically filing.
  • Electronic Funds Withdrawal
    : Taxpayers can e-file and, at the same time, approve an electronic funds withdrawal. Taxpayers who select this option will need to provide account numbers and routing transit numbers for qualified accounts. Taxpayers can schedule the payment for withdrawal on a future date. Scheduled payments will need to be effective on or before the return due date. For returns transmitted after the due date, the payment date needs to be the same as the date the return is transmitted. Electronic Funds Withdrawal payments need to be authorized at the time the balance due return or form is filed.
  • Credit Card Payments
    : The IRS has a policy that lets business e-filers to pay their balance due by credit card. RIA doesn't offer this option at this time.
  • Electronic Federal Tax Payments (EFTPS)
    : Once enrolled, all taxes can be paid electronically using EFTPS.
  • Pay by Check
    : Balance due payments can be made by mailing a check. Payments don't have to be mailed at the same time an electronic extension is transmitted.

This article applies to:

  • Product: ONESOURCE Income Tax
  • Return type: 1120 Corporation
  • Subject: e-file, Payments
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close