New Online Option For Paying Federal Taxes - Treasury Department's Electronic Federal Tax Payment System - Brief Article

California CPA, Nov, 2001

Now individual taxpayers can enjoy the convenience of paying all their federal taxes through a secure Web site.

Since the Treasury Department's Electronic Federal Tax Payment System (EFTPS) was originally introduced, businesses have used it to pay more than $6 trillion in federal taxes.

In addition to paying estimated tax, individuals can use EFTPS-OnLine to pay a balance due with their tax return.

EFTPS-OnLie also allows individual taxpayers to schedule payments up to 365 days in advance. Business taxpayers can schedule payments up to 120 days in advance. New features include an instant, printable EFT acknowledgement number as documentation of every transaction and access to payment history for up to 120 days.