Question

EFTPS stands for:

A. Electronic Funding Tax Payer Services
B. Employment Federal Tax Payment System
C. Electronic Federal Tax Payment System
D. Electronic Funds Transfer Payment System

Answer 1

EFTPS stands for Electronic Federal Tax Payment System. It is an electronic payment system provided by the U.S. Treasury Department for businesses and individuals to pay federal taxes. Option C

Step-by-step explanation:

EFTPS stands for Electronic Federal Tax Payment System. It is an electronic payment system provided by the U.S. Treasury Department for businesses and individuals to pay federal taxes.

Through EFTPS, taxpayers can make federal tax payments online or over the phone, and the payments are securely processed through the Automated Clearing House (ACH) network.

EFTPS offers several benefits, including convenience, accuracy, and the ability to schedule payments in advance. It also helps businesses and individuals avoid late payment penalties and ensures timely and accurate tax payments. Option C