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Simplify It for You and Your Customers
IBAT has partnered with the US Department of Treasury on the Simplify, EFTPS (Electronic Federal Tax Payment System) program. Although this program has been around for 10 years, the Department is making a concerted effort to encourage small business owners to use this electronic system to pay their federal taxes. Instead of your customers bringing in their Federal Tax Deposit (FTD) coupons to the bank, they can file them electronically, while freeing your bank staff to focus more on promoting other financial products and services.
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