Overview

Tax payments are submitted to a government entity, typically each quarter, to cover a UserUser - A single end-user of your application. Each user has a unique userId, which should be stored in your database and used to make API requests on behalf of this individual.'s taxes. All self-employed earners over a specific threshold are required to submit quarterly tax payments to the IRS. Most states require estimated payments as well. Failure to make quarterly payments may result in fines, penalties and/or interest owed.

Federal Tax Payments

When a federal tax payment is created for a user within Abound, our system enrolls the individual with the Electronic Federal Tax Payment System (EFTPS). Abound provides a digital record of the tax payment for your user, or 1040-ES, and guarantees the payment is transmitted securely.

State Tax Payments

There are 41 states, plus Washington, D.C., that require estimated quarterly tax payments. Each state varies in the voucher type (1040-ES equivalent) that must accompany the tax payment. Similar to federal tax payments, Abound provides a digital record of the tax payment for your user and tracks the payment to the state tax authority.

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Please be aware of the applicable dates and deadlines.

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