Official Payments Corporation announced Tuesday the company has reached an agreement with the State of Ohio to collect Individual Income Tax including Balance-Due payments, Estimated payments, and Extension payments, by credit card, via the Internet or telephone. Taxpayers in Ohio will be able to make these payments by visiting [www.officialpayments.com] on the Internet or by calling toll-free 1-800-2PAY-TAX(SM). The new payment channels for tax year 2000 are expected to go live later this year. Official Payments provides a variety of tax payment services to the Internal Revenue Service, the District of Columbia, and the states of Alabama, Arkansas, California, Connecticut, Illinois, New Jersey, Maryland, Minnesota, Oklahoma and Washington.
“We are pleased to announce an agreement with Ohio, our twelfth state client,” said Thomas R. Evans, Chairman & Chief Executive Officer of Official Payments. “Over 5,000 Ohio citizens paid over $13 million in federal income tax through our systems in tax-year 1999. In tax year 2000, we will provide them with the same convenient service in making their state tax payments. On the state client front we are experiencing strong momentum, today we announced Ohio, last week an agreement with Washington State and the week before with Alabama.” Mr. Evans added.
“This new service gives our taxpayers a choice in satisfying their tax obligations,” said Thomas M. Zaino, Ohio Tax Commissioner. “For tax year 2000 payments, anyone with a telephone or Internet connection will be able to conveniently make their tax payments, 24 hours a day, from their home or business. These new payment channels are part of our ongoing effort to provide the highest level of service to our citizens,” Commissioner Zaino added.
Last year over one million taxpayers in Ohio made balance-due tax payments with an average obligation of $693 to the state treasury. Nearly 69,000 extension payments were made representing $60,581,920 and over 294,000 taxpayers made quarterly estimated payments representing $1.3 billion. In aggregate, this represents a total market of nearly $2.2 billion in government obligations in Ohio.
Official Payments will charge Ohio taxpayers a convenience fee for processing these credit card transactions. The fee schedule can be found at [www.officialpayments.com]. For example, a taxpayer who owed Ohio $900.00 and charged their taxes would find a total of $922.50 on their credit card statement: $900.00 for the tax bill and $22.50 for the convenience fee. American Express, Discover Card, and MasterCard are the credit cards accepted by the program. Taxpayers using credit cards with bonus rewards programs can, depending on their card’s program, earn rewards, points, and cash-back or airline frequent flyer miles for paying their taxes.
About Official Payments Corporation.
Official Payments Corporation is the leading provider of electronic payment options to government entities. The company enables consumers to pay government fees and taxes via telephone or the Internet, using their credit cards. The company has partnered with the Internal Revenue Service; several state governments, including Alabama, Arkansas, California, Connecticut, District of Columbia, Illinois, Maryland, Minnesota, New Jersey, Oklahoma and Washington state; and over 550 municipal and county entities, in which it collects income taxes, property taxes, real estate taxes, parking fines, sales and use taxes and other government fees by credit card over the telephone and the Internet. In the 1999 tax year, Official Payments collected and processed over $575 million in federal income tax payments on behalf of the Internal Revenue Service. The company is publicly traded on Nasdaq under the symbol OPAY. Official Payments Corp. is committed to making payments to the government go fast, smart and safe.