payUSAtax(TM) Helps Save Taxpayers Money When They Pay Their Federal Taxes to the IRS with a Credit Card or Debit Card

ATLANTA, April 8 /PRNewswire/ -- RBS WorldPay, in partnership with Value Payment Systems, today announced that it is pleased to offer the lowest standard convenience fee rate for paying federal taxes to the Internal Revenue Service (IRS) with a credit or debit card.  Through the RBS WorldPay tax payment services, located at www.payUSAtax.com and 888-9-PAY-TAX (888-972-9829), taxpayers can make personal and business tax payments to the IRS with their MasterCard® and Discover® credit and debit cards and Bill Me Later® for only 1.95% of their tax liability amount.  The new lower convenience fee is less than the fees offered by any other IRS Authorized Payment Service Provider.   In addition, taxpayers can also pay their federal taxes with a VISA®, STAR®, NYCE® or Pulse® debit card for a fixed convenience fee of only $3.89.

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Through www.payUSAtax.com and 888-9-PAY-TAX, taxpayers can make tax payments for the following federal tax types:

Personal Tax Payments

• Form 1040 Series (including Prior Year payments)
• Estimated Taxes (Form 1040ES)
• Installment Agreement Payments
• 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)

Business Tax Payments

• 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

"It's safe, secure, convenient and easy to do," said Peter Forbes, head of national sales for RBS WorldPay. "Given the current economic climate, we believe that finding ways to lower the cost of electronic payments is the right thing to do for both the taxpayer and the government.  Together with Value Payment Systems, we are able to offer the lowest standard credit card convenience fee ever available for IRS tax payments. We are all excited about the difference the new lower convenience fee rate of 1.95% will make for the taxpayer and the IRS."  

payUSAtax™ Benefits

In addition to the lowest credit card convenience fee ever offered by any IRS Authorized Payment Service Provider, taxpayers can earn rewards, schedule automated payments, set future payment e-mail reminders and deduct the convenience fee on their tax return.

• Rewards - When taxpayers pay their taxes at www.payUSAtax.com, or via payUSAtax's toll-free phone number 888-9-PAY-TAX (888-972-9829), taxpayers may receive points or benefits in reward programs connected with their debit or credit card. Taxpayers should check with the financial institution that issued their card for specific terms and conditions.
• Recurring Payments - To help IRS installment agreement (tax payment plan) taxpayers save time and avoid potential late fees, users of www.payUSAtax.com can schedule automated payments and set future payment e-mail reminders.
• Convenience Fee Deductibility - The IRS has determined that 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.

For more information regarding tax payments with a debit or credit card, 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 The Royal Bank of Scotland Group (RBS)

The RBS Group is a financial services company providing a range of retail and corporate banking, financial markets, consumer finance, insurance, and wealth management services.  The RBS Group operates in the Americas, Asia and the Middle East serving more than 40 million customers.  For more information, please visit www.RBS.com.

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 (IVR).  For more information, visit www.valuepaymentsystems.com.

SOURCE RBS WorldPay, Inc.

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