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Plug & Pay

The IRS is now taking your money online.

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This story appears in the December 2001 issue of Entrepreneur. Subscribe »

Using the Internet to direct tax payments just got easier. The IRS recently announced a series of new enhancements to its Electronic Federal Tax Payment System (EFTPS) that will make it possible to use an online option to send in your federal tax payments.

Dubbed "EFTP-OnLine," the system doesn't use credit cards; instead, it gathers information for the IRS to debit your bank account. You can use it 24 hours a day, seven days a week, and it offers an instant, printable EFT acknowledgment number that documents the transaction.

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