If you find that you owe taxes when you’re filing your return, you’ll need to pay what you owe by April 18, 2017, to avoid interest and penalties. For a safe and easy way to pay, use an IRS electronic payment option and pay online, by phone or with your mobile device using the IRS2Go app.
Electronic Funds Withdrawal allows you to e-file and pay when you’re using tax preparation software or a tax professional. With EFW, you can set up a direct debit payment from your bank account for the taxes you owe and up to four estimated payments.
Another option is IRS Direct Pay; it’s free and lets you pay from your checking or savings account. With Direct Pay, you can change or cancel your payment using the Look Up a Payment feature up to two business days before the payment date. To access Direct Pay go to IRS.gov/payments or use the IRS2Go app.
If you prefer to pay by debit or credit card, you can pay online, by phone or with IRS2Go through authorized debit and credit card processors. Though the IRS does not charge a fee for this service, there is a fee from the card processors. Visit IRS.gov/payments for authorized card processors and their phone numbers.
If you need to pay with cash, PayNearMe may be the answer for you. You can make a payment without the need of a bank account or credit card at more than 7,000 7-Eleven stores nationwide. To pay with cash, first visit IRS.gov/paywithcash and follow the instructions.
Source: Internal Revenue Service
contact@officetaxservices.com
(858)247-1680
The IRS offers many safe and easy ways to pay your taxes. These tips explain
many of them:
- Mailed tax bills. The IRS sends bills in
the U. S. mail. Try to pay soon and in full to avoid any extra charges. If
you can’t pay in full, you’ll save if you pay as much as you can. The more
you can pay the less interest and penalties you will owe for late payment.
The IRS offers several payment
options on IRS.gov.
- Use IRS Direct Pay. The best way to pay
your taxes is with IRS Direct Pay. It’s the safe, easy and free way to pay
from your checking or savings account. You can pay your tax in just five
simple steps in one online session. Just click on the “Payment” tab on
IRS.gov. You can now use Direct Pay with the IRS2Go
mobile app.
- Get a short-term payment
plan.
If you owe more tax than you can pay, you may qualify for more time- up to
120 days- to pay in full. You do not have to pay a user fee to set up a
short-term full
payment agreement. However, the IRS will charge interest and penalties
until you pay in full. It’s easy to apply
online at IRS.gov.
- Apply for an installment
agreement.
Most people who need more time to pay can apply for an Online
Payment Agreement on IRS.gov. A direct debit payment plan is the
hassle-free way to pay. The setup fee is much less than other plans and
you won’t miss a payment. If you can’t apply online, or prefer to do so in
writing, use Form
9465, Installment Agreement Request. Individuals can use Direct Pay to
make their installment payments. For more about payment
plan options, visit IRS.gov.
- Check out an offer in
compromise.
An offer
in compromise or OIC may let you settle your tax debt for less than
the full amount you owe. An OIC may also be helpful if full payment may
cause you financial hardship. Not everyone qualifies, however, so make
sure you explore all other ways to pay your tax before you submit one to
the IRS. Use the OIC
Pre-Qualifier tool to see if you qualify.
- Avoid tax surprises. If you are an employee,
you can avoid a tax bill by having more taxes
withheld from your pay. To do this, file a new Form
W-4, Employee’s Withholding Allowance Certificate, with your employer.
Use the IRS Withholding
Calculator tool on IRS.gov to see if you’re having the right amount
withheld. If you are self-employed, you may need to make or change your estimated
tax payments. See Form
1040-ES, Estimated Tax for Individuals to learn more.
Source: Internal Revenue Service
contact@officetaxservices.com
(858)247-1680
