Definitions for "Electronic Federal Tax Payment System"
Keywords:  taxpayer, ach, nafta, remit, expedite
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
system through which taxpayers remit federal tax payments electronically.
System that requires employers to make federal tax deposits electronically through the ACH system.
Keywords:  efts, funds, transfer, systems
Electronic Funds Transfer Systems (Efts)