Electronic Federal Tax Payment System (EFTPS) is a free service provided by the U.S. Treasury for businesses to electronically pay federal taxes, including payroll taxes.
- What is Electronic Federal Tax Payment System (EFTPS)?
Answer: It is a U.S. Treasury service for electronically paying federal taxes. - What taxes can be paid through EFTPS?
Answer: Taxes include payroll, corporate, and estimated taxes. - Who is required to use EFTPS?
Answer: Employers with federal tax deposits of $500 or more per quarter must use it. - What are the benefits of EFTPS?
Answer: It offers convenience, accuracy, and timely payment tracking. - How does an employer enroll in EFTPS?
Answer: Enrollment is done online through the EFTPS website with an EIN.
