Federal Tax Payment System

The Electronic Federal Tax Payment System (EFTPS) tax payment service is provided free by the US Department of the Treasury.

After you’ve enrolled and received your credentials, you can pay any tax due to the Internal Revenue Service (IRS) using this system. When first you use EFTPS, you might want a little assistance from your ExportAction Client Relations Executive. This is available to clients at no charge.

Federal corporate income tax is a tax on the profits of companies. As of 2021, 44 US States also levy a corporate income tax, ranging from 2.5 percent in North Carolina to 12 percent in Iowa. Four states (Nevada, Ohio, Texas, and Washington) impose a “gross receipts tax” on sales and receipts instead of a corporate income tax. Delaware, Pennsylvania, Virginia, and West Virginia levy a gross receipts tax in addition to a corporate income tax. 34 States and the District of Columbia have single-rate corporate tax systems, while the remainder have rates that vary by income bracket. Iowa has the highest top statutory corporate tax rate at 12 percent, followed by New Jersey (11.5 percent), Pennsylvania (9.99 percent), and Minnesota (9.8 percent). California has a corporate tax rate of 8.84 percent and Delaware of 8.70 percent – two of the “Top Ten Highest rates. New York has a rate of 6.5 percent and Florida of 4.46 percent. Inter-Company Transfer Pricing Agreement