MasterCard cardholders can now pay their personal income taxes and business
taxes at a reduced convenience fee rate of 1.95%
PURCHASE, N.Y.–(Business Wire)–
Value Payment Systems, LLC and RBS WorldPay today announced that the companies`
payUSAtax tax payment service will now accept MasterCard cards for U.S. IRS
Federal tax payments. For the 2009 tax year, MasterCard cardholders can now
experience greater speed, convenience and security when paying their federal
taxes online at www.payUSAtax.com and 888-9-PAY-TAX (888-972-9829) at a reduced
convenience fee rate of only 1.95%.
“By accepting MasterCard cards, we`re proud to offer our customers a quick,
simple, convenient, and secure way to pay when filing their personal and
business U.S. Federal taxes,” said Scott Slusser, CMO, Value Payment Systems.
“By using a credit or debit card through our website or toll-free phone number,
tax filers can complete their Federal tax payment to the IRS in minutes and
avoid the cumbersome tasks of writing checks or making a trip to the post
office.”
Taxpayers who use their MasterCard credit or debit card when filing their
Federal taxes with payUSAtax can earn rewards, schedule automated payments, set
future payment e-mail reminders and deduct the convenience fee on their tax
return.
* Rewards – MasterCard cardholders who pay their taxes at www.payUSAtax.com or
via payUSAtax`s toll-free phone number may receive points or benefits from
reward programs connected with their credit or debit card. Taxpayers should
check with the financial institution that issued their MasterCard credit or
debit card for specific terms and conditions.
* Recurring Payments – To save time and avoid potential late fees, users of
www.payUSAtax.com can schedule automated payments and set future payment e-mail
reminders through the IRS installment agreement tax payment plan.
* Convenience Fee Deductibility – The IRS has determined convenience fees
incurred by qualifying individual taxpayers may be deductible. Taxpayers should
consult with their tax advisor to determine if they qualify.The IRS considers a
business tax payment convenience fee as a deductible expense.
“As the use of payment cards outpaces that of cash and checks, U.S. taxpayers
are increasingly taking advantage of the convenience and security that comes
with paying for their taxes with a MasterCard card, said Mathias Lilja, vice
president U.S. Commerce Development, MasterCard Worldwide. “We`re pleased to
work with payUSAtax to make paying tax debts faster and more efficient for both
personal and business taxpayers this tax season.”
Through the payUSAtax service, individual taxpayers can make secure tax payments
for the following federal tax types:
* Form 1040 Series (including Prior Year payments)
* Estimated Taxes (Form 1040ES)
* Installment Agreement Payment
* Form 4868 (Tax Extension)
* Trust Fund Recovery Penalty
* Form 1040X (Amended Tax Returns)
* Form 5329 – Additional Taxes on Qualified Plans and Other Tax-Favored Accounts
(Return for Individual Retirement Arrangement Taxes)
Businesses can make secure credit card and debit card payments for their taxes,
including:
* Form 940 Series – Employer’s Annual Federal Unemployment Tax Return
* Form 941 Series – Employer’s Quarterly Federal Tax Return
* Form 943 Series – Employer’s Annual Federal Tax Return for Agricultural
Employees
* Form 944 Series – Employer’s Annual Federal Tax Return
* Form 945 Series – Annual Return of Withheld Federal Income Tax
* Form 1065 – U.S. Return of Partnership Income
* Form 1041 – U.S. Income Tax Return for Estates and Trusts
payUSAtax was founded by RBS WorldPay in partnership with Value Payment Systems,
LLC to provide taxpayers with a low cost, convenient and secure federal tax
payment service. For more information and benefits of using your MasterCard
card, please visit www.payUSAtax.com.
About RBS WorldPay, Inc.
RBS WorldPay is a leading, single-source provider of electronic payment
processing services – including credit, debit, EBT, checks, gift cards,
e-commerce, customer loyalty cards, fleet cards,ATM processing and cash
management services. RBS WorldPay is the US-based payment processing division of
the Royal Bank of Scotland Group plc.For more information, please visit
www.RBSWorldPay.us.
About Value Payment Systems
Value Payment Systems provides electronic payment products and services to
various industries including government and property management. Value Payment
Systems` comprehensive e-payment services encompass a wide array of payment
channels including the Internet and touch tone phone systems.For more
information, visit www.valuepaymentsystems.com.
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical economic
link among financial institutions, businesses, cardholders and merchants
worldwide. As a franchisor, processor and advisor, MasterCard develops and
markets payment solutions, processes over 22 billion transactions each year, and
provides industry-leading analysis and consulting services to
financial-institution customers and merchants. Powered by the MasterCard
Worldwide Network and through its family of brands, including MasterCard,
Maestro and Cirrus, MasterCard serves consumers and businesses in more than 210
countries and territories. For more information go to www.mastercard.com. Follow
us on Twitter: @mastercardnews.
Value Payment Systems
J. Scott Slusser, 615-730-6367
sslusser@valuepaymentsystems.com
or
MasterCard Worldwide
Sarah Ely, 914-249-6714
sarah_ely@mastercard.com
Copyright Business Wire 2010