Compliance & regulationsPayment system
EFTPS
Electronic Federal Tax Payment System
Definition
The Electronic Federal Tax Payment System is the free service provided by the Treasury Department for making federal tax payments electronically. EFTPS is required for certain business tax payments and provides secure, convenient tax remittance.
EFTPS compliance affects contractor financial operations and tax administration. Understanding EFTPS requirements helps contractors maintain compliant tax payment practices. EFTPS records support tax documentation and audit requirements.
Ready to win federal contracts?
GovCon in a Box helps you find opportunities, research competitors, and build a winning capture strategy.