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Payment Methods

Taxpayers can pay the tax owed online, by personal check, money order, cash, by phone, or by a mobile device.  


Electronic Funds Withdrawal (A payment method which allows the taxpayer to authorize the U.S. Treasury to electronically withdrawal funds from their checking or savings account) – Taxpayers can authorize an electronic funds withdrawal (EFW) when they e-file their returns. They must provide routing transit numbers, account numbers, and type of their bank account to the Provider.  They can schedule a payment for withdrawal (The removal of a taxpayer’s funds from a financial institution).  This transaction may or may not produce a taxable income. on a future date if it is before or on the tax return due date.


IRS Direct Pay – Taxpayers, may also use the IRS Direct Pay by paying on www.irs.gov or with the IRS2GO app. 

 

Credit or Debit Card Payments – Taxpayers can make payments with credit or debit cards online, by phone, or with a mobile device using the IRS2GO app.


Electronic Federal Tax Payment System (EFTPS)* – Taxpayers who make installment payments with the IRS can make their payments through the EFTPS.  They can enroll in EFTPS online at www.EFTPS.GOV, or taxpayers can complete Form 9783 and mail it to the EFTPS Enrollment Center.


Pay with Cash – Taxpayers can pay their tax due by cash.  They can visit the Official Payment Site and follow the instructions to make a cash payment with PayNearMe.


Pay by Check or Money Order – Taxpayers can also pay their tax due by sending a personal check or money order with Form 1040-V, Payment Voucher.


Installment Agreement** – For taxpayers who owe $50,000 or less in combined taxes, interest, and penalties and cannot pay the amount owed, they may use the Online Payment Agreement (OPA) application to request an installment payment plan.  They can also submit Form 9465, Installment Agreement Request, to the IRS.


* A free service from the U.S. Treasury through which federal taxes may be paid.  Taxes can be paid via the Internet, by phone or through a service provider.  After authorization, payments are electronically transferred from the authorized bank account to the Treasury’s general account.


** An Internal Revenue Service (IRS) program which allows individuals to pay the tax debt in monthly payments.  The total amount paid can be the full amount of what is owed, or it can be a partial amount.



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Cathy Fisher

Common Cents Bookkeeping and Tax Preparation

Serving Henderson, NC, Buncombe County, Polk County, Transylvania County

E: cathy@commoncentsqbo.com

P: 828-595-2835

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