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How to Make IRS Tax Payments Online Access Pay History?
Making an IRS tax payment online is very easy and fast at IRS.gov/payments. IRS offers different electronic payment options, so follow whichever is most convenient for you.
Rent, Tuition, Taxes, Insurance, Utilities… there are many bills to pay, which becomes hard to remember due to hectic schedule. Figuring out expected tax to pay is the hard part. Once you find out income tax return at the end of the year, you may view a balance owed to the IRS. In this scenario, you should know how to make IRS payments. In case you don’t make payments to the federal government or at least arrange to pay, then your money will be taken by IRS in some way. It is necessary for you to pay the IRS what you owe in order to stay away from garnishing your paychecks or holding your refunds in the future. IRS provides a range of payment options for paying federal taxes and user fees, and some options are free too. The entire process of making IRS Tax payments online at IRS.gov/Payments is secure and convenient. You can also access Payment History, in which see your full history for My Account for easy confirmation and reference.
Different ways to pay IRS tax for Individuals and Businesses:
Pay with your card through a payment processing company. The IRS uses standard service providers and business/commercial card networks, and your details are only used to process your payment. In this section. you get the list of service providers, their contact details, and convenience fees. You have to give a processing fee (which may be tax deductible) to payment processor. All service providers will charge different fees. For example, Pay1040.com (Link2GovCorporation) $2.79 debit card flat fee and 2.35% credit card fee. Call 888-729-1040 for Payment and 888-658-5465 for Service. OfficialPayments.com/fed (Official Payments Corporation) $3.95 card flat fee and 2.35% credit card fee. Call 888-872-9829 for Payment, 877-754-4420 for Live Operator and 877-754-4413 for Service.
Generally, you can’t cancel payments, and also you can’t make Federal Tax Deposits. In case, you overpaid then you will get refund from IRS after the return is processed, excluding offsets or debt on your account.
Electronic Federal Tax Payment System (EFTPS)
This is a free tax payment system offered free by the U.S. Department of the Treasury, and intended with all taxpayers in mind. It helps business and individual taxpayers easily pay all their federal taxes electronically and securely using the Internet, or by phone with the EFTPS Voice Response System. Enroll in EFTPS and make all of your federal tax payments like federal tax deposits (FTDs), installment agreements, and expected tax payments. Since EFTPS started in 1996, there have been more than 1.45 billion electronic payments made, totaling more than $29.5 trillion!
To enroll in EFTPS, or for more details on enrollment, go to EFTPS website or call EFTPS Customer Service to request an enrollment form. To log on to the system, an enrolled user should be authenticated with 3 pieces of exclusive details: Taxpayer Identification Number (EIN or SSN), EFTPS Personal Identification Number (PIN) and an Internet Password. The grouping of these three pieces of identification adds to the security of the site and the confidentiality of taxpayer data. You can start your tax payment from your home or office, 24/7, and also you can schedule payments up to 365 days in advance. You can check up to 16 months of your EFTPS payment history online or by calling EFTPS Customer Service.
Pay through Check or Money Order
If you want to mail your tax payment, then make your check, money order or cashier s check payable to U.S. Treasury, by entering the amount on the check with all numbers. Avoid the use of staples or paper clips to attach your payment to your voucher or return. On your form of payment, mention your name, address, daytime phone number, Social Security number or employer identification number, tax period and associated tax form or notice number. You have to mail payment to the address mentioned on the notice or instructions. Do not send cash in the mail. To know if cash payments are accepted or not, check the services offered at your local IRS office .
If you can’t pay now, then there are two other programs intended to help you meet your tax obligations without causing other hardship.
(a) Installment Agreement: If you re not financially able to pay your tax debt instantly, then you can make monthly payments via an Installment Agreement. But if you pay your tax bill in full, then you will decrease or eliminate the amount of penalties and interest you pay and avoid the fee related with setting up an Installment Agreement.
(b) Offer in Compromise: It lets you to settle your tax debt for less than the full amount you owe, if you meet strict requirements.
All of the basic details necessary to identify and confirm your payments are stored in the Payment History. Basic details are the payment type, payment date, the amount of the payment, the agency you paid, the amount of any service fees paid, the confirmation number, and the payment status.