How to pay IRS if you owe taxes?
This is one of the most frequently asked questions.
Here are the various ways of paying IRS if you owe taxes.
- Pay by credit or debit card: IRS accepts all major credit cards American Express, Master Card, Visa. There may be small convenience fees charged by the credit card company. Following websites currently accept tax payments :
- Pay1040.com – To pay by credit or debit card: 888-PAY-1040 (888-729-1040), www.pay1040.com
- RBS WorldPay, Inc. – To pay by credit or debit card: 888-9PAY-TAX (888-972-9829) www.payUSAtax.com
- Official Payments Corporation – To pay by credit or debit card: 888-UPAY-TAX (888-872-9829), www.officialpayments.com/fed
Summary of credit and debit card options
https://www.irs.gov/payments/pay-taxes-by-credit-or-debit-card
2.Apply for an Instalment agreement: Web-based application process allows taxpayers who owe less than or equal to $25,000 in combined tax, penalties and interest to submit online. Alternately, you can also submit a paper Form 9465, Installment Agreement Request. Greater than $25,000 tax dues have a different process and are required to file a financial statement. Consult a tax professional for further guidance if your tax dues are over $25,000.
https://www.irs.gov/payments/online-payment-agreement-application
3. Electronic payment via EFTPS IRS Website: This is the Electronic Federal Tax Payment System. You will be mailed a PIN via postal mail. You can enroll online via this link https://www.eftps.gov/eftps/
4. Direct pay with your bank account: You can also make a payment via your bank account.
https://www.irs.gov/payments/direct-pay
Resources
Refer to the following links on the IRS website for more information
Payment options
Installment agreement information
https://www.irs.gov/payments/payment-plans-installment-agreements
Other articles
https://www.irs.gov/newsroom/three-ways-to-pay-your-federal-income-tax