F4C: Strategic Objective F4C
Make Collections and Payments on Time and Accurately, Optimizing use of Electronic Mechanisms Other Information:
Treasury collects approximately 95 percent of total federal receipts, such as individual and corporate income and other taxes,
duties, fees, debts, and other money owed to the U.S. Government. The Department devotes the bulk of its resources to collecting
taxes. Each year the IRS collects more than $1.5 trillion primarily through the EFTPS. FMS administers the world’s largest
collection system, including EFTPS, and facilitates efficient collections by promoting electronic collections to federal agencies.
The purpose of this objective is timely, complete collection of all monies due the government consistent with good customer
service and “best practice” business efficiency.
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