Each time you bring your heavy vehicle on road for the first time, you are liable to pay tax right after the second month of use. Assuming you bought your vehicle in the month of May; you are liable to report and pay tax by the end of June through form 2290, online or paper file. However, if the due date is falling on a weekend, the due date will be moved to the next business day and the tax should be filed by then. |
However, today, we are going to talk about the payment methods applied to report form 2290 online through TaxExcise.com, an authorized efiling service provider, serving you with its best application to report and file form 2290.
The first method is:
Direct Debit/ Electronic Funds Withdrawal:
If you choose Electronic Funds Withdrawal, the tax value will be debited directly from your account at the time of making payment. You need to provide 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):
Another payment method applicable to file form 2290 is EFTPS. 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 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:
Well, if you are not comfortable making payments online, you can choose an offline payment method, and transmit your return online. 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
Well, these were the methods of paying your dues to the IRS if you choose paper filing or efiling. However, one question keeps showering around our Tax Experts. How far is filing online safe and secure? Well, when we talk about security, any information passed through our servers are controlled and posted through security walls, where no one can access the information as once the information is passed through our servers, it is encrypted and no one can do anything about it. Not even us.
So what is the wait for? 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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