March - April 2020

2020 news 3 templateBesides being the due date for the filing of income taxes for 2019, April 15 is also the deadline for the payment of Self-Employment (SE) tax for the first quarter of 2020 for ministers. The federal government provides a convenient way for paying this and other federal taxes through their Electronic Federal Tax Payment System (EFTPS). Provided free by the U.S. Department of the Treasury, EFTPS allows participants to pay any tax due to the Internal Revenue Service. The system uses two-factor authentication, offers the ability to make payments 24/7, and payments may be scheduled up to 365 days in advance. Enrollment is required, and validation by the IRS usually takes 5 to 7 days.

According to the website, the system has processed more than 1 billion payments since its introduction in 1996.

For more information about EFTPS and to enroll in the system, visit this link.

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