HOW TO

Make Tax Payments From Your 831(b) Plan

Your 831(b) Plan may require federal tax payments. Below are three methods for submitting payments directly to the IRS. Please review the options, requirements, and choose the method that works best for your situation.

How to Make Tax Payments from Your 831(b) Plan | SRA 831(b) Admin
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Important Reminders

Always indicate the correct tax year and payment type (return balance, extension, or estimate).

Save confirmation of your tax payment for your records and upload confirmation to the Tax Payment Confirmation Link.

Unsure which method to use? Please consult your CPA or contact SRA for assistance.

1

IRS Direct Pay

Free online bank transfer

Preferred that the tax payment is made directly from your 831(b) Plan business checking or savings account. If your 831(b) Plan financial account does not allow tax payments, you may pay from a personal checking or savings account. No enrollment or registration is required—simply visit the IRS website and submit your payment.

Payments Accepted
  • Balances due on a return or notice
  • Extension payments
  • Quarterly estimated tax payments
What You’ll Need
  • 831(b) Plan EIN
  • Filing status and tax year
  • Bank routing and account number
Visit IRS Direct Pay

Direct Pay Video Walkthrough Guides

 
Estimated Payments
For shareholders who need to make quarterly estimated tax payments toward their corporate income tax return (Form 1120) before the filing deadline.
 
Balance Due
For shareholders who have already filed their Form 1120 and need to pay the remaining balance owed on their corporate income tax return.
2

Electronic Federal Tax Payment System (EFTPS)

Schedule & track payments

A secure system run by the U.S. Department of the Treasury. EFTPS offers the flexibility to schedule payments in advance and view your complete payment history.

Payments Accepted
  • Balances due on a return or notice
  • Extension payments
  • Quarterly estimated tax payments
What You’ll Need
  • EFTPS PIN and password (mailed by IRS upon enrollment)
  • 831(b) Plan EIN
  • Bank routing and account number
Visit EFTPS
Note: If your PIN has expired or you’ve forgotten it, you must request a new one — which can take several business days. Set up payments at least one day before the due date.
3

Same-Day Fed Wire

Same-day transfers

Wire funds directly to the IRS through your financial institution. Only use for time-sensitive payments that need to be processed the same day.

Payments Accepted
  • Balances due on a return or notice
  • Extension payments
  • Quarterly estimated tax payments
What You’ll Need
  • Access to banking with wire transfer capability
  • IRS wire transfer routing information
  • Your 831(b) Plan EIN, tax year, and type of payment
Visit IRS Wire Instructions
Note: Your bank may charge fees for wire transfers. Check your bank’s wire cut-off time — wires typically must be initiated by early afternoon to process the same day.

Need Help Making Your Tax Payment?

Contact our team via email at plantax@831b.com or call our office at (208) 424-2249 for
guidance on choosing the right payment method for your 831(b) Plan.