Hello there truckers, over this article we are going to discuss about the types of IRS tax payment options available while e-filing your HVUT Form 2290. On a daily basis we receive calls from our clients receiving a failure to pay penalty from the IRS due to the misconception occurred while selecting the right IRS payment option.
While e-filing the HVUT Form 2290, basically there 4 different payment options involved as follows:
- Electronic Funds withdrawal
- Electronic Federal tax payment System
- Credit/Debit Card
- Check/Money Order.
Now, amongst the 4 options listed above, the only option that lets the IRS to automatically process your payment from your bank account would be the Electronic Funds withdrawal commonly abbreviated to be EFW.
The other payment options such as the EFTPS/ Credit/Debit options require your action to log on to the respective website to initiate or schedule a payment to the Department of treasury. Such as the tax payer is required to log on to www.eftps.gov upon choosing EFTPS as the payment option, whereas the tax payer needs to log on to https://www.irs.gov/payments/pay-taxes-by-credit-or-debit-card to be able to schedule payments to the Internal Revenue Service
Most tax payers presume by mistake that all the above options such as Electronic Funds withdrawal, Electronic Federal tax payment System, Credit/Debit Card are automated process hence it results in non-tax payment of taxes and receiving notices.
Hence, in order to get a clear idea of the working terminology of the payment options, you may feel free to reach us back for further assistance during your e-filing process over the following mediums:
Phone: (347) 515-2290 [Monday through Friday, 9 A.M to 5 P.M, Central Standard Time]
E-mail: support@truckdues.com
Live chat with our tax representatives.
Have a Good One! See you over the next article.