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.

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