Electronic Funds Withdrawal (EFW)
Electronic Funds Withdrawal (EFW) is the best method to pay for your HVUT form 2290 returns to the IRS. This method is also called ‘Direct Debit,’ which allows you to pay your form 2290 tax due amount directly from your checking or savings account of your bank. You need to provide your bank details, account number, Bank Routing Transit Number (RTN), and authorize the payment for direct debit while e-filing your form 2290 road tax.
Electronic Funds Withdrawal (EFW) is an integrated online paying option offered only when e-filing HVUT form 2290 through e-filing service providers or a tax professional. You may submit one or more payment requests for direct debit from your designated bank account using the EFW payment method.
Features and Benefits of Electronic Funds Withdrawal
- It is convenient for individual taxpayers and business filers to process the 2290 tax payments in a single step.
- IRS doesn’t charge any additional fees for using the EFW payment method.
- Paying online using EFW eliminates the need to submit a voucher.
- It offers a safe and secure mode of payment. All your personal, business, and transaction details are protected by strong encryptions and used only on proper authorization from the concerned personnel.
- The EFW transaction authorizes the U.S. Department of Treasury (through a treasury financial agent) to transfer the specified payment amount from the specified bank account to the Treasury’s account.
- ‘IRS USA Tax Payment’ or something similar will be shown in your bank statement as proof of payment.
- If the payment is requested on the weekend or a public holiday, the payment will be withdrawn on the next working day. In this case, your bank may put your funds on hold and treat it as a pending transaction.
- The payment amount will be debited at once in a single transaction. IRS doesn’t make recurring or partial withdrawals of your form 2290 tax amount.
Truck Tax Dues 