Did you know that your business may be able to pay your taxes with a credit card this year? This is the first year that the Internal Revenue Service is accepting credit card payments for business tax forms 941 and 940.
To use this service, businesses can go to the Web sites www.PAY941.com and www.PAY940.com or by calling 1-888-729-1040 to learn more.
Milwaukee based Metavante Corp is one of only two IRS-authorized online payment processors. The Metavante affiliate LINK2GOV (www.link2gov.com) powers the two Web sites and offers secure payment options for the program.
All major credit cards are accepted and yes, they may qualify for rewards programs. In addition, the IRS will allow the standard convenience fee to be deducted as a business expense. You can even sign up to receive reminders via email about required tax payments and take advantage of automated payment for these taxes as well.