The registration process for the Electronic Federal Tax Payment System (EFTPS) for individual taxpayers is not simple to use and requires, at best, a two-week wait time. This extended waiting time is specific to individual taxpayers and does not apply to businesses or preparers.
Goal Statement:
Simplify the process for individual taxpayer’s registration and participation in the EFTPS.
Proposal:
Eliminate the need for bank and identify verification prior to the individual’s using the EFTPS to make estimated tax payments. The IRS should use the same process for bank verification as used by those selecting the electronic funds withdrawal method of payment when filing their individual tax return electronically.
Graphic Version