Direct Debit or Electronic Funds Withdrawal (EFW):
If you go with EFW for payment, the IRS will initiate an electronic funds withdrawal (direct debit) from your bank, using bank details that you provide.
Of course, you want to make sure that you have enough funds in your account to cover the taxes due.
EFTPS (Electronic Federal Tax Payment System):
Here’s the tricky one – the IRS accepts payments via EFTPS, as well. You need to schedule the EFTPS payment on your own and you are responsible for timely payment of the taxes.
Now, this option isn’t for everybody and most single truck filers won’t have this as an option. To find out more, visit the EFTPS website or call 1-800-555-4477.
For Electronic Federal Tax Payment System (EFTPS) payments to be on time, you must initiate the transaction at least 1 business day before the date the payment is due.
Check (or) Money Order:
You can also send your payment by check or money order, but not by cash. When you pay by check or money order, you need to print the completed payment voucher – 2290-V, page 5 of the completed form 2290.
Make your payment payable to the United States Treasury, and then write your name, address, EIN, “IRS Form 2290” and the date (as entered in Box 3) on your payment. Detach the voucher 2290-V and send it with your payment.
If you have filed electronically, don’t send IRS Form 2290 and Schedule 1 with the payment voucher. Don’t staple your payment to the voucher or IRS Form 2290, either.
Send the payment and voucher 2290-V to:
Internal Revenue Service P.O. Box 804525, Cincinnati, OH 45280-4525
Just to reiterate, you cannot pay for your 2290 taxes with a credit or debit card! We accept the payment only for the filing fee.
If you have any questions about payment methods, reach out to our awesome support team at ExpressTruckTax by phone at 704.234.6005.