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EFTPS

The Electronic Federal Tax Payment System (EFTPS) is one of the most successful federal government programs undertaken in recent years. Millions of businesses are already enrolled in this system. It saves time and money, since there are no more last minute trips to the bank or Post Office, lost checks, or missed deadlines.

Here's how it works. By 8:00 p.m. Eastern Time—at least one calendar day prior to your tax due date—you log on, enter your tax payment report, review the information, and click Submit to initiate the payment. Per your instructions, EFTPS will automatically debit your indicated bank or credit union account and will transfer the funds to the U.S. Treasury on the date you indicate. Your tax records will be updated with the IRS.


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