Drake Tax - 1120: Payment of Balance Due and Estimated Taxes
Article #: 10178
Last Updated: July 22, 2025
For Form 1120, both the 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.
Estimated Taxes
Pay estimated taxes electronically through EFTPS. To record payments that have already been made for this year, use the left side of the ES screen.
Note Form 1120 does not have federal estimated tax vouchers.
The IRS discontinued Form 1120-W after 2022.
Resources
See the Form 1120 Instructions for details on payment requirements.
For more information about EFTPS:
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Go to the EFTPS Website
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Review Publication 966
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Call 1 (800) 555-4477