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Payroll Software Authors: Casey Yang

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Small Businesses Can Now Pay Electronically Even More Federal Taxes Through Official Payments Corp.®

Representing a growing trend in electronic payments, the Internal Revenue Service (IRS) has now expanded the number of business federal tax types that can be paid using a credit or debit card through Official Payments Corp.® this tax season. In addition to business federal tax forms 940, 941 and 944, small businesses can now pay business federal tax forms 943 and 945.

Small businesses can pay their business federal taxes using a Visa, MasterCard, Discover or American Express Card by visiting http://www.officialpayments.com or calling 1-800-2PAY-TAX. This service is available through Official Payments Corp. (OPC), a wholly-owned subsidiary of Tier Technologies, Inc. (NASDAQ:TIER).

Businesses can make secure credit card payments for their taxes, including the following business federal tax types:

  • 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

“We are pleased that the IRS has, once again, expanded the types of business federal tax payments eligible for electronic payments, reflecting a trend we see not only nationally, but also in many states and localities as well as the educational institutions we serve,” said Ronald L. Rossetti, chairman and chief executive officer of Tier Technologies.

In addition to federal tax payments, taxpayers can also use Official Payments service to make state and local payments in 27 states, Washington D.C. and over 3,300 counties and municipalities. States accepting payments through Official Payments are: Alabama, Arkansas, California, Connecticut, Georgia, Iowa, Illinois, Indiana, Kansas, Louisiana, Maryland, Minnesota, Mississippi, Nebraska, New Jersey, New Mexico, New York, Ohio, Oregon, Pennsylvania, Rhode Island, Virginia, Washington State, Wisconsin, and West Virginia.

Official Payments charges a convenience fee for some services which may be tax deductible as a business expense. Consumers and businesses using credit or debit cards with bonus rewards programs may, depending on their card's program, earn reward points, frequent flyer miles or cash back for paying their taxes and fees.

Visit www.officialpayments.com for additional information.

About Official Payments Corp.

Official Payments Corp., a wholly owned subsidiary of Tier Technologies, Inc., delivers innovative electronic payment processing services to governments, businesses and consumers throughout the United States. Headquartered in Reston, Virginia, Official Payments’ clients are comprised of nearly 3,300 federal, state, and local governments and agencies including the IRS, educational institutions, utilities and commercial clients. Since 1996, Official Payments Corp. has enabled fast, easy, and secure electronic payment processing. For more information, visit http://www.officialpayments.com.

About Tier Technologies, Inc.

Tier Technologies, Inc. provides federal, state and local government and other public sector clients with electronic payments solutions and other transaction processing services. Headquartered in Reston, Virginia, Tier Technologies serves over 3,300 electronic payments clients throughout the United States, including federal, state, and local governments, educational institutions, utilities and commercial clients. Through its subsidiary, Official Payments Corp., Tier delivers payments solutions for a wide range of markets. For more information, see www.tier.com and www.officialpayments.com.

Statements made in this press release that are not historical facts are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Tier undertakes no obligation to update any such forward-looking statements. Each of these statements is made as of the date hereof based only on current information and expectations that are inherently subject to change and involve a number of risks and uncertainties. Actual events or results may differ materially from those projected in any of such statements due to various factors, including, but not limited to: the impact of governmental investigations; the potential loss of funding by clients, including due to government budget shortfalls or revisions to mandated statutes; the timing, initiation, completion, renewal, extension or early termination of client projects; the Company's ability to realize revenues from its business development opportunities; the timing and completion of the divestment of the Company's non-core assets; and unanticipated claims as a result of project performance, including due to the failure of software providers or subcontractors to satisfactorily complete engagements. For a discussion of these and other factors which may cause our actual events or results to differ from those projected, please refer to the Company's annual report on Form 10-K for the fiscal year ended September 30, 2008 filed with the SEC.

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