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Tax Payment
The act of paying taxes owed to the government, which can be related to income, property, sales, or other forms of taxation.
Internal Revenue Service
The federal agency responsible for administering and enforcing tax laws in the United States.
Electronic Deposit Requirement
A requirement for businesses to use electronic means to deposit certain types of taxes, including payroll taxes, directly to the IRS or state tax agencies.
Electronic Funds Transfer
An Electronic Funds Transfer (EFT) is the electronic movement of money from one bank account to another, either within a single financial institution or across multiple institutions, through computer-based systems.
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