IRS offers penalty refund for EFTPS enrollment.The IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. is offering an incentive to encourage enrollment in and use of the Electronic Federal Tax Payment System. Roughly 1 million employers could qualify for a refund TO REFUND. To pay back by the party who has received it, to the party who has paid it, money which ought not to have been paid. 2. On a deficiency of assets, executors and administrators cum testamento annexo, are entitled to have refunded to them legacies of a previously paid federal tax deposit penalty. The EFTPS-FTD penalty refund offer allows business taxpayers to receive an automatic one-time one-time adj. 1. or one·time a. Occurring or undertaken only once: a one-time winner in 1995. b. penalty refund if they have been assessed a deposit penalty on a Form 941, Employer's Quarterly Federal Tax Return. For more, visit www.irs.gov/news room/article/O,,id=123430,00.html. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion