Washington (Jan. 19, 2004) -- The Internal Revenue Service has launched an express enrollment program for new business taxpayers that it hopes will boost electronic payment of taxes.
The initiative will be available using the free Electronic Federal Tax Payment System offered by the IRS and the Financial Management Service. Under the EFTPS Express Enrollment for New Businesses program, businesses receiving a new employer identification number that have a federal tax obligation will be automatically pre-enrolled in EFTPS to make all their federal tax deposits. IRS Commissoner Mark W. Everson noted that approximately 250,000 new EINs are issued every year.
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