IRS Tax Payment Options

Did you know that there are a number of ways to pay your tax bill online or by phone? No more checks to write. No more envelopes and stamps. No more trips to an IRS office to make a payment.

The best option is IRS Direct Pay, where you can make a payment online directly from your savings or checking account. Whether you’re making a payment with your return, have a tax bill from the IRS, or need to make quarterly estimated tax payments, Direct Pay is the answer.

There are no fees, no sign-ups, and no hassles. Simply go to the “Pay Your Tax Bill” tab on IRS.gov to access Direct Pay.

If you e-file your federal tax return, you can also make a payment using an electronic funds withdrawal, which takes money from your checking or savings account.

A third payment method is through the Electronic Federal Tax Payment System (EFTPS). It’s primarily designed for business taxpayers, but can be used by individuals as well. EFTPS is free, available 24/7, and allows you to schedule a payment in advance, but you must sign up in advance.

Additionally, you can pay your tax bill using a credit or debit card either online, by phone, or when e-filing. Be aware, though, that the service provider will charge a flat fee for debit cards and a percentage fee for credit cards.

Of course, you can always mail in your payment to the IRS. Make your check out to the “United States Treasury”, and download Form 1040-V (payment voucher) from IRS.gov to send in along with your check.

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About cozbycpa

Heather L. Cozby is a CPA on the South Shore and Cape Cod. The managing partner of Cozby & Company, LLC, Heather has the resources and experience necessary to provide quality professional services on a timely basis and at a reasonable cost. She specializes in tax planning & preparation; audit, review & compilation services; management advisory services; bookkeeping; and accounting. Her unique niche is in working with homeowners’ associations and condominium trusts, advising with rental real estate, and providing outsourced financial consulting for mid-sized companies. She is more entrepreneurial than most accountants, and offers the best of both worlds - providing the services of a larger firm while retaining the ability to connect with her clients on a personal level.
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