Each time you bring a new vehicle on road, you are liable to pay tax right after the second month of use. Assuming, you have bought your vehicle in the month of April, you are liable to report and pay form 2290 through paper filing or efiling, you need to pay tax by the end of May without fail or penalties would come along your tax filing. However, if the due dates fall on the weekend, the last date of filing would be eventually moved to the next business day, and the tax should be filed by then. It also means, the taxpayers do have grace time to file and report tax. |
Today, we are going to talk about the payment methods applied to report form 2290 online through Tax2290.com, the authorized efiling service provider. Among the list, the first method to file is:
Direct Debit/ Electronic Funds Withdrawal:
When we account efiling, this is one method you can pay your dues online. The funds are electronically debited from your account through the details you provider IRS while you file your return. It is mandatory to provide the valid information and maintain sufficient balance in your account for the payment. You can also revoke the payment by getting in touch with U.S. Treasury Financial Agent at 1-888-353-4537 no later than 2 business days before the settlement date.
EFTPS (Electronic Federal Tax Payment System):
After Direct Debit, this is another method that can be used if you are efiling your tax return. Electronic Federal Tax Payment System is an IRS initiative, providing a secure network to pay your dues online. You have to schedule the payment on your own and you are held responsible for a timely payment. To create or manage, you can visit eftps.gov or call 1-800-555-4477. To initiate a payment through this account, the transaction should be initiated at least one business day before the due date.
Check or Money Order:
The above methods are used if you are efiling your return and if you are only transmitting your return online and making a offline payment, check or money order is the payment method you need to use to pay your dues to the IRS. To make use of this method, print the completed payment voucher 2290-V and mail it to IRS.
Taxpayers are not allowed to pay their taxes through cash. The check or money order should be payable to United States Treasury. Add details like name, address, EIN, “Form 2290,” and the date (as entered in Box 3) on your payment. Detach the payment voucher 2290-V and send across the payment. If you choose to file it electronically (e-filing), form 2290 and schedule-1 copy with the payment voucher is not required. Stapling the payment to the voucher or form 2290 should be avoided.
Send the payment and voucher 2290-V to:
Internal Revenue Service: P.O. Box 804525 Cincinnati, OH 45280-4525
If you are wondering, filing online is safe and secure like paper filing. Well, let us tell you, any information passed through our servers is controlled and posted through the security walls where no one can access the information. Not even us. So you can be sure of using efiling services to file and report form 2290. Try a hand with efiling and get your schedule 1 copy printed with IRS watermark in minutes. Reach our Tax Experts at 1-866-245-3918 or email us your queries to firstname.lastname@example.org. You can expect instant answers from our end.
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