When the IRS first authorized card-based business tax payments earlier this year, prior-year acceptance reached back only as far as 2005. An expansion of the program enables LINK2GOV, which is in its fifth year of contracted credit card processing for the IRS, to accept all major credit cards for an unprecedented amount of business tax payments. Additionally, LINK2GOV's QuickPay e-mail Reminder program offers automated reminders, prior to the next Form 941 tax return due date. Each convenience e-mail contains instructions on how to make a Form 941 Employer's Quarterly Tax balance due payment at the Pay1040 site. For the businesses, some Forms 941 and 940 tax payments may qualify for payment card rewards programs, and the IRS will allow the standard convenience fee to be deducted as a business expense.
"Expedited payment services are increasingly in demand across the consumer segment, and they're equally attractive to businesses dealing with a meticulous federal tax payment schedule," said Edward Braswell, president, LINK2GOV. "As the IRS allows, LINK2GOV will continue to expand the reach, functionality and convenience of online, card-based federal tax payments for both consumers and business."
LINK2GOV, a Metavante company, has been providing comprehensive, customized electronic service applications for government agencies since 1995. In addition to the IRS payment services, LINK2GOV also facilitates the collection of real estate taxes, utility bills, vehicle registrations and driver's license renewals, parking tickets, traffic citations, tuition payments, court fees and fines, hunting and fishing licenses, as well as various business licenses. Metavante Payment Solutions delivers electronic money movement through an integrated payments network, including an ATM/PIN debit network in NYCE, online bill payment, a complete suite of payment cards and automated clearing house (ACH) processing. Metavante helps clients grow revenue by capitalizing on the expanding electronic payments markets including financial, healthcare and government payments.