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Three Ways to Pay Your Federal Income
Tax
If you owe taxes but can’t pay the full
amount by the April 18 deadline you should still file your return on
time and pay as much as you can to avoid penalties and interest.
Here are three alternative payment options you may want to consider:
1. Additional Time to Pay
based on your circumstances, you may be granted a short additional
time to pay your tax in full. A brief additional amount of time to
pay can be requested through the Online Payment Agreement
application at http:www.IRS.gov or by calling 800-829-1040.
Taxpayers who request and are granted an additional 60 to 120 days
to pay the tax in full generally will pay less in penalties and
interest than if the debt were repaid through an installment
agreement over a greater period of time. We can assist you in
evaluating these options.
2. Installment Agreement we
can assist you in setting up an installment agreement with the IRS.
If you owe $25,000 or less in combined tax, penalties and interest
we can usually apply on your behalf and get immediate
acknowledgement and approval.
3. Pay by Credit Card or Debit Card
you can charge your taxes on your American Express, MasterCard, Visa
or Discover credit cards. Additionally, you can pay by using your
debit card. However, the debit card must be a Visa Debit Card, or a
NYCE, Pulse or Star Debit Card. To pay by credit card or debit card,
contact one of the service providers at its telephone number or Web
site listed below and follow the instructions. There is no IRS fee
for credit or debit card payments, but the processing companies
charge a convenience fee or flat fee. If you are paying by credit
card, the service providers charge a convenience fee based on the
amount you are paying. If you are paying by debit card, the service
providers charge a flat fee of $3.89 to $3.95. Do not add the
convenience fee or flat fee to your tax payment.
The processing companies
are:
Link2Gov Corporation:
To pay by debit
or credit card: 888-PAY-1040 (888-729-1040),
www.pay1040.com
RBS
WorldPay, Inc.
To pay by debit or credit card:
888-9PAY-TAX (888-972-9829),
www.payUSAtax.com "
Official Payments Corporation:
To pay by debit or credit card: 888-UPAY-TAX (888-872-9829),
www.officialpayments.com/fed
For more information about filing and paying
your taxes, give us a call.
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