Can I make multiple payments through EFTPS in one quarter?
The reasoning behind this is pretty silly, but I was wondering if you can make more than one payment through EFTPS for the same quarter. This is the first year I am making substantial money as a contractor (my sole income). It is my first time using EFTPS. Last week while setting it up I paid 00 as a test. This was before I had really organized all my estimates and finances.
I owe another 00 for this quarter (which I have sitting in my bank account). Can I pay this 00 and apply this to Q1 too without messing anything up? Or are you just supposed to pay once per quarter? The only reason I am asking is because the tax forms for end of year which you indicate quarterly payments are a bit confusing. I want to make sure the two payments do not hurt each other! Thanks.
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Yes multiple payments can be done though EFTPS for federal. For State, I could not make multiple payments in same quarter.
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