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Department of the Treasury partner on "Simplify"--a national initiative to communicate to tax preparers, small businesses and the financial services industry the benefits of paying federal taxes electronically through the Electronic Federal Tax Payment System. 6 trillion of tax collections are received through the Electronic Federal Tax Payment System (EFTPS), a system for submitting tax payments via the ACH operated by depository institutions designated by the Treasury. The IRS is offering an incentive to encourage enrollment in and use of the Electronic Federal Tax Payment System. |
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