As outlined in Client MSAs, Abound may support federal income tax payments to the Internal Revenue Service (IRS), by request of its Clients/Subscribers and on behalf of their End Users for processing tax payments.
End User provides relevant data and authorization to Client/Subscriber, through Client/Subscriber User Interface (UI) to communicate with the IRS to enroll End User in Electronic Federal Tax Payment System (EFTPS) and submit tax payments through the system
Abound collects relevant End User data and authorization from Client/Subscriber via API to enroll End User in Electronic Federal Tax Payment System (EFTPS) and submit tax payments through the system
On a quarterly basis, Abound will submit payment for income tax through EFTPS on behalf of End User
Abound uses the data collected from Client/Subscriber UI in the tax authorization process to enroll End User in EFTPS, processed End User data which may include, but is not limited to, the following:
Abound’s Required End User Consent Language:
(To be added to contract with End User by Client/Subscriber)
By utilizing [Client or Subscriber]'s services for quarterly tax payments through the Electronic Federal Tax Payment System (EFTPS) provided by the U.S. Department of Treasury, you agree to and confirm that you understand the following:
You authorize Abound and it's partners to enroll you in EFTPS for the purpose of submitting quarterly estimated tax payments.
Once enrolled in EFTPS, you will receive a letter from EFTPS in the mail that explains how you can login and view their payments online at eftps.gov
You understand we will be submitting payments for any income tax due to the Internal Revenue Service (IRS).
You certify that all submitted information must be accurate (including but not limited to Taxpayer Identification Number or Social Security Number).
You authorize us and our partners to obtain information about you and your bank account for an indefinite period of time.
We may access your information from your bank or from other financial institutions or databases in order to provide services.
We are not required to pay fees to access your information.
You hereby grant us and our partners full power to perform each step in submitting for quarterly tax payments.
You understand and agree that the Services are not endorsed/sponsored by us or our partners. We make no effort to review the accuracy of information collected about you.