EFTPS.According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. IR-2004-10, the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. has launched an initiative, available using the electronic Federal tax payment system (EFTPS EFTPS Electronic Federal Tax Payment System EFTPS Electronic Funds Transfer Payment System ), intended to provide businesses with a faster system for paying taxes electronically. EFTPS, a free service, enables taxpayers and tax advisers to make Federal tax payments electronically online, by phone or with batch provider software (for professionals). EFTPS "express enrollment for new businesses" will affect all businesses receiving a new employer identification number Applicable to the United States, an Employer Identification Number or EIN (also known as Federal Employer Identification Number or (FEIN)) is the corporate equivalent to a Social Security Number, although it is issued to anyone, including individuals, who has to pay (EIN EIN Employer Identification Number EIN Employee Identification Number EIN European Ideas Network (think tank) EIN Environmental Information Network EIN Equivalent Input Noise EIN Elderhostel Institute Network ). Business taxpayers with a Federal tax obligation will be automatically pre-enrolled in EFTPS to make all Federal tax deposits. In addition to receiving their EIN, taxpayers will also receive a separate mailing containing an EFTPS personal identification number and instructions for activating their enrollment (by calling a toll-flee telephone number, entering banking information and completing an authorization The right or permission to use a system resource; the process of granting access. See access control. for EFTPS to transfer funds to Treasury's account for tax payments, per their instructions). Taxpayers can enroll in EFTPS at www.eftps.gov or by calling (800) 555-4477 or 945-8400 to receive forms by mail. Taxpayers can make payments 24 hours a day, 7 days a week from home or office; schedule payments up to 120 days in advance (for businesses) or 365 days in advance (for individuals); and review the last 16 months of tax payment history online or by calling customer service. In addition, taxpayers receive an immediate acknowledgement number for every EFTPS transaction for easy recordkeeping and as proof of the transaction. |
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