Paper Tax System Law and Legal Definition
According to 31 CFR 203.2 [Title 31 -- Money and Finance: Treasury; Subtitle B -- Regulations Relating to Money and Finance; Chapter Ii -- Fiscal Service, Department of the Treasury; Subchapter A -- Financial Management Service; Part 203 -- Payment of Federal Taxes and the Treasury Tax and Loan Program; Subpart A -- General Information], Paper Tax System (PATAX) means “the paper-based system through which taxpayers remit Federal tax payments by presenting an FTD (Federal Tax Deposit) coupon and payment to a TT&L (Treasury Tax and Loan Service) depositary.”
