Finance & markets · 30/09/1996Updated: 10/18/2026 · 1 min read
IRS Proposes Regulations for Electronic Payment of Federal Taxes
Summary
The Internal Revenue Service (IRS) has published temporary regulations requiring certain taxpayers to use electronic funds transfer (EFT) for the payment of Federal taxes, with the goal of implementing the Electronic Federal Tax Payment System (EFTPS) by fall 1996.