Fresh Start Tax LLC A Professional Tax Firm Since 1982 Former IRS Agents
From time to time the IRS News Wire put out information that is valuable to our clients. This article is about making payments to the IRS.
Making payments to the IRS:
Never ever send cash!
If you file electronically, you can file and pay in a single step by authorizing an electronic funds withdrawal via tax preparation software or a tax professional.
Whether you file a paper return or electronically, you can pay by phone or online using a credit or debit card.
Electronic payment options provide an alternative to paying taxes or user fees by check or money order. You can make payments 24 hours a day, seven days a week. Visit the IRS website at http://www.irs.gov and search e-pay, or refer to Publication 3611, IRS e-File Electronic Payments for more details.
If you itemize, you may be able to deduct the convenience fee charged for paying individual income taxes with a credit or debit card as a miscellaneous itemized deduction on Form 1040, Schedule A, Itemized Deductions. The deduction is subject to the 2 percent limit.
Enclose your payment with your return but do not staple it to the form. IRS hates staples
If you pay by check or money order, make sure it is payable to the “United States Department of the Treasury.”
Always provide your correct name, address, Social Security number listed first on the tax form, daytime telephone number, tax year and form number on the front of your check or money order.
Complete and include Form 1040-V, Payment Voucher, when mailing your payment to the IRS. Double-check the IRS mailing address. This will help the IRS process your payment accurately and efficiently.
For more information, call 800-829-4477 and select TeleTax Topic 158, Ensuring Proper Credit of Payments. You can also find out more in Publication 17, Your Federal Income Tax and Form 1040-V, both available at http://www.irs.gov.
