EFTPS ( Electronic Federal Tax Payment System )

Definition

System used to  electronically deposit amounts withheld for taxes with the IRS.

Referring Cite

TD 8723, Treas. Reg. §31.6302-1,  IRS Publication 15-A,

Additional Helpful Information

     

Payors are required to  use the EFTPS , beginning the year following the year that their withholding exceeds $200,000