From the course: Business Tax Foundations

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Registering and using EFTPS

Registering and using EFTPS

From the course: Business Tax Foundations

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Registering and using EFTPS

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- [Instructor] Once you have your EIN, you're ready to get started with actual business operations. However, you're also going to need to register with EFTPS, or the Electronic Federal Tax Payment System in pretty short order. This'll be required in order to pay any payroll taxes among other things so let me show you how to register. I'm here at the EFTPS main dashboard. Again, if you can't find this I suggest you simply use Google and search for EFTPS registration. Once you get here, if you have an existing EFTPS account, you'd probably make a payment. In our case, we want to go through and enroll so I'm going to go ahead and enroll. I'm going to let them know that I'm registering as a business. If I were an individual sole proprietorship, I'd register that way. I'll register as a business. Now it's going to want my EIN along with the business name, my personal name, et cetera. Let me go through and fill out this form. Alright, now once we've filled out the basic information, we'll…

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