Definitions for "EFTPS"
EFTPS is the Electronic Federal Tax Payment System developed by the U.S. Department of the Treasury's Internal Revenue Service (IRS) and Financial Management Service (FMS), to enable taxpayers to pay their federal taxes electronically. For more infomation see the EFTPS FAQ page.
Electronic Federal Tax Payment System. Normally, you pay your federal payroll taxes by going down to your bank. However, you can initiate an electronic transfer to the IRS which will take the money straight out of your bank account. ABC offers EFTPS for a small additional charge.
Electronic Federal Tax Payment System. Electronic Federal Tax Payment System, provides an electronic system for paying federal taxes. The IRS replaced the current system of processing taxes in compliance with North American Free Trade Agreement (NAFTA) mandates, and now expedite the availability of funds and investment decision making information to the U.S. Treasury while providing flexible payment options to the business taxpayer