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Posted

We've recently had several clients struggle to submit excise tax payments online through EFTPS. 

EFTPS doesn't seem to be of any help when we call. 

The Form 5330 is not available when the employer is logged in, nor there there a way to select the specific excise tax section. 

I tried looking somethings up - does the IRS need to make Form 5330 available for that specific EIN? and then the Employer can see it on EFTPS? Does the employer need to call EFTPS? 

Should employers be going through enrollment for a business tax account under Direct Pay? 

Does anyone have any tips? I feel like there is something obvious I'm missing, but I've had a few coworkers go through this as well without any resolution. 

I'm a stranger on the internet. Nothing I write is tax or legal advice. 

I'd like a witty saying here, but I don't have any. When in doubt, what does the plan document say?

Posted

HI Everyone, 

Thanks for the comments. I should clarify - my question is specifically how to pay the excise tax - not how to file the Form 5330 electronically. Since it appears that paying and filing are two different things. 

My understanding is that even if the form is filed on paper (with an exception), the excise tax should now be remitted electronically, but perhaps someone can clarify if I'm mistaken. 

I'm a stranger on the internet. Nothing I write is tax or legal advice. 

I'd like a witty saying here, but I don't have any. When in doubt, what does the plan document say?

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