Businesses Can Make Federal Tax Form 941 & 940 Balance Due Payments by Credit Card at LINK2GOV Powered Web Sites and Deduct the Convenience Fee as a Business Expense
MILWAUKEE, WI -- (MARKET WIRE) -- 03/01/2006 -- Metavante Corporation, the financial technology subsidiary of Marshall & Ilsley Corporation (NYSE: MI), today announced that, beginning this tax season, the Internal Revenue Service will accept credit card payments in connection with business tax forms 941 and 940. This is the first time businesses have a credit card payment option. Businesses can make these credit card-initiated tax payments at the Web sites www.PAY941.com and www.PAY940.com, or by calling 1-888-729-1040.
As one of only two IRS-authorized online payment processors, the Metavante affiliate LINK2GOV (www.link2gov.com) powers the two Web sites and offers secure and convenient payment options for this program. All major credit cards are accepted; some may qualify for rewards programs, and the IRS will allow the standard convenience fee to be deducted as a business expense. Additionally, businesses paying recurring federal taxes through PAY941.com can choose to receive automated email reminders through LINK2GOV's exclusive QuickPay feature.
"Government payment processing is a high-growth business, especially now with adding in business tax payments," said Edward Braswell, president, LINK2GOV. "LINK2GOV made its name enabling consumers to pay taxes, fees and bills 24/7 on the Internet at PAY1040.com, at the point of sale, or on the phone. We process millions of dollars in tax payments annually, and now we offer online payment functionality to the business community, which deals with a significantly more rigorous tax payment schedule than most consumers."
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 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.
Metavante Corporation is redefining banking and payments to financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer health care payments, and electronic presentment and payment. Headquartered in Milwaukee, Metavante (www.metavante.com) is wholly owned by Marshall & Ilsley Corporation (NYSE: MI).
The following marks are intellectual property of Metavante Corporation. Metavante, LINK2GOV, NYCE, and QuickPay.
SOURCE: Metavante Corporation