Tuesday, 14 August 2018

3 ways to pay your HVUT: Electronic Payment through EFTPS.gov

So, you've taken a look at ACH - Direct Bank Account Drafting. You've considered entering your bank routing number and your bank account number, and having us take care of submitting your payment information to the IRS. What are you other payment options?

Well, you can make your payment directly to the IRS on their eftps.gov website. This option takes 2290.us out of the equation of IRS payment. We'll file your 2290 form for you, and you'll submit your payment online. No hard feelings, if that's the direction you want to go. We want you to make the best choice for you. A couple things you should know about paying your 2290 heavy vehicle use tax through the IRS' electronic payment system, though:

In order to send a payment through the EFTPS, you'll need to set up an account. If you indicated that you were likely to owe taxes when you applied for your EIN, then you may be pre-enrolled for this system. You should have received a letter with your PIN and EFTPS information, if this is the case.

If you didn't indicate that you'd owe taxes, then setting up your EFTPS account isn't nearly as easy as setting up a 2290.us account. The signup for eftps.gov is more of an enrollment process than a one-and-done. You'll enter your information on their site, then you'll wait.

You'll wait for five to seven business days to receive your PIN by U.S. mail. You'll complete your enrollment with the PIN you receive. Then, you'll be able to make your payment. Oh - but the payment won't go through until the next business day. If you want the payment to go through the same day, you'll need to contact your financial institution to speed up the process.

Wow - what a lengthy process! That's why ACH - Direct Bank Account Drafting is one of our favorite HVUT payment options. With just a couple clicks, you're all set for another year of driving.

If you want to go the EFTPS route, though, be our guest! You'll need to check a box on our end, agreeing to make the payment separately in order for your Form 2290 to be processed to the IRS. You'll still receive your IRS-stamped Schedule 1 in minutes - but you'll need to do a lot more from your side to wrap up the whole process.

Visit 2290.us to kick off your eFiling today!

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