Taxpayers have options!
Did you know the IRS can be paid in several way to help taxpayers avoid interest and penalties? Today the IRS offers several ways to pay their tax bill which they can choose to do immediately or in arraigned installments.
Three Ways To Pay:
Direct Pay. Direct Pay is a free payment option that makes the payment directly from a taxpayer's checking and savings account. With Direct Pay, taxpayers have the flexibility of scheduling payments up to 30 days in advance and changing or canceling their payment two business days before the scheduled payment date.
Credit or debit cards. The IRS also accepts payment via debit or credit card online, by phone or with a mobile device. The IRS does not charge a fee, but convenience fees apply and vary depending on the card used.
Installment agreement. Taxpayers can also make monthly payments if they are unable to pay their tax debt immediately. First, they must file all required tax returns. Once filed, they can apply for an installment agreement with the Online Payment Agreement tool.
Anyone wishing to use a mobile device should remember they can access the IRS2Go app to pay with either Direct Pay or by debit or credit card. IRS2Go is the official mobile app of the IRS and is available for download from Google Play, the Apple App Store or the Amazon App Store.
Meet with a tax professional. Facing the IRS collections process does not have to be overwhelming and you do not have to do it alone! Contact LR Tax & Accounting to set up an appointment to discuss any concerns you may have regarding your Tax situation.