The Electronic Federal Tax Payment System, or EFTPS, is a simply a way to pay your taxes to the IRS electronically. With the EFTPS you can pay your taxes online or via phone. To learn more or register, visit the IRS website here.
When you enroll in EFTPS you will get a PIN number in the mail. Make sure to keep this in a safe place so you can use it to make payments and check on the status of any payments.
If you have a payroll provider, they may register you under their own bulk EFTPS account. In this case you should still keep your PIN number, but your provider doesn’t need it to make payments on your behalf.Updated September 26, 2017
This article provides general information and shouldn’t be construed as tax advice. Since tax rules may change over time and can vary by location and industry, please consult a CPA or tax advisor for advice specific to your business.