Drake Tax - 1120: Payment of Balance and Estimated Taxes

How to print estimate tax vouchers and payment vouchers that have a balance due for corporate returns

Both tax due and estimated tax payments must be made electronically.

• To pay corporate tax due, use either the PMT screen or EFTPS (Electronic Federal Tax Payment System).

  • Watch the video Electronic Funds Withdrawal for a demonstration.

• To pay estimated taxes, file a deposit via EFTPS. The 1120 does not have a federal estimated tax voucher.

To get more information about EFTPS, visit the EFTPS Website or call 1 (800) 555-4477. Additional information about EFTPS is also available in Publication 966.

See Form 1120 Instructions for details.