If You Pay Your Taxes With Plastic, You Can Deduct It Too
Can You Have More Sales, Too?
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In case you didn’t know, the IRS added several new business tax types available for credit card payments in 2007. These tax types are payable electronically through Official Payments Corp. And the fee you pay is deductible too.
The IRS determined when it began accepting credit card payments for business taxes in 2006, that the convenience fee paid or incurred by a business making a tax payment with a credit card can be deducted as a business expense. This key feature continues in place in 2007, and represents an important benefit to business owners like you who take advantage of this convenient payment option.
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