April 15 has a way of sneaking up on us every year, doesn’t it? Whether you’ve been staring at your tax forms for weeks or just realized it’s Tax Day (deep breath), don’t worry—there’s still time to stay compliant and avoid penalties.
Let’s walk you through your two big options today: file and pay your taxes or file an extension.
Owe Taxes? Here’s how you can pay your taxes easily!
First things first—if you owe the IRS, paying today is non-negotiable. To avoid penalties and interest, the IRS advises taxpayers to pay any owed balance by April 15—even if they can’t pay in full.
There are different payment options available:
- IRS Direct Pay: Direct from your bank account, no fees.
- IRS Online Account: Manage balances, view history, and make payments.
- Credit/Debit Cards: Via IRS-authorized processors.
- Electronic Federal Tax Payment System (EFTPS): Online or by phone.
- Electronic Funds Withdrawal: When e-filing with tax software.
- Check or Money Order: Payable to “United States Treasury.”
- Cash via Retail Partners: Requires extra steps—start early.
Key Benefits of Electronic Federal Tax Payment System (EFTPS)
Corporations are nearly always required to make estimated tax payments electronically through EFTPS. Luckily, Tax1099 has a secure, easy-to-use service called EFTPS (Electronic Federal Tax Payment System) that lets you pay your taxes directly online.
Why Tax1099’s EFTPS?
- Pay on the same day or schedule in advance.
- Make payments for multiple clients
- You get a confirmation immediately (no guessing games).
- Your payment is directly tied to your SSN or EIN for easy tracking.
- Get access to the historical data for up to 16 months.
⏰ Don’t wait until the last minute—you know how the internet loves to act up when you need it most.
Can’t Pay in Full? Payment Plans Are Available
If full payment isn’t possible today, the IRS recommends setting up a payment plan online:
Options include:
- Short-term plan: For balances under $100,000, pay within 180 days.
- Long-term plan: Monthly payments for balances under $50,000.
While interest continues to accrue, penalties may be reduced if a payment plan is in place.
Not Ready to File? Get an Extension
If you’re still sorting receipts, chasing down documents, or just not ready to hit “submit” on your return—no shame. Life happens! But you still need to act today.
You can file Form 4868 using EZExtension to get an automatic 6-month filing extension, giving you until October 15, 2025 to get everything together.
Here’s the catch:
An extension only gives you more time to file, not more time to pay. You still need to estimate and pay your taxes by April 15 to avoid penalties and interest.
Why EZExtension?
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It’s fast and IRS-authorized.
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You can file both your individual (Form 4868) and business (Form 7004) extensions in minutes.
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No printing, mailing, or last-minute panic.
What Happens If You Miss the Deadline?
We hate to be the bearers of bad news, but the IRS doesn’t mess around when it comes to deadlines:
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Late Filing Penalty: 5% of your unpaid taxes per month, up to 25%
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Late Payment Penalty: 0.5% per month, also up to 25%
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Interest: Charged daily on anything unpaid
That’s money better spent anywhere else—trust us.
Here’s Your Game Plan for Today
- If you’re ready to file and pay your taxes → Do it now and breathe easy.
- If you need more time→ File an extension with EZExtension and make your estimated tax payment via EFTPS.
- Don’t ignore the deadline→ Even a partial payment is better than no payment at all.
Tax Day doesn’t have to be a panic-inducing nightmare. With trusted platforms and tools like Tax1099’s EFTPS and EZExtension, you can handle everything online, quickly and securely. So go ahead—grab your coffee, knock it out, and reward yourself with a little post-tax treat. You’ve earned it.
