EFTPS
Business & Finance abbreviation · Tax
| Stands for | Electronic Federal Tax Payment System |
|---|---|
| Categories | Business & Finance |
EFTPS stands for Electronic Federal Tax Payment System, a tax abbreviation.
Free US Treasury service for making federal tax payments online or by phone, used mainly by businesses to deposit payroll taxes and by individuals for estimated taxes. Payments can be scheduled up to a year ahead.
Example: We deposit payroll taxes through EFTPS every Wednesday.
Usage notes
Enrollment requires a PIN sent by mail, so the account should be set up well before the first payment is due.
Related abbreviations
More tax abbreviations
- CGT – Capital gains tax
- CP2000 – IRS Notice CP2000 (proposed adjustment to income tax return)
- CRS – Common Reporting Standard
- CTC – Child Tax Credit
- DAF – Donor-advised fund
- EA – Enrolled Agent
- EIN – Employer Identification Number
- EITC – Earned Income Tax Credit
- ETR – Effective tax rate
- FATCA – Foreign Account Tax Compliance Act
- FBAR – Report of Foreign Bank and Financial Accounts (FinCEN Form 114)
- FEIE – Foreign earned income exclusion