How to Send Payments to the IRS
As the saying goes, "there are two things you can't avoid, death and paying taxes." Tax Day in the U.S. is the deadline for residents to file details of their income to the Internal Revenue Service (IRS) so that their liability for their income tax can be assessed. The date usually falls on or around April 15.
In 2019, Tax Day will fall on Monday, April 15. However, this deadline may be extended to accommodate such things as extreme weather conditions and other unique situations. You should also check with your accountant to see if you qualify for any other kind of extension. Once your taxes are filed, if you need to send money to the IRS to pay a balance due on your tax return, there are seven different ways you can make your payment.
Set up an electronic funds transfer from a checking or savings account through the DirectPay service on the IRS.gov website. The IRS does not charge a processing fee for this, and you can schedule payments up to 30 days in advance. DirectPay only handles payments related to Form 1040, such as balance due payments, estimated payments, and extension payments. Be sure to keep your payment confirmation for your records.
After registering at EFTPS.gov, you can schedule payments up to 365 days in advance for any tax due to the IRS. EFTPS is a good choice if you want to schedule all of your estimated tax payments at the same time. EFTPS.gov is operated by the Treasury Department and does not charge any processing fees. EFTPS can handle any type of federal tax payment, including 1040 balance due payments, extension payments, payroll taxes, and corporate taxes.
You can pay by card using one of the payment processors approved by the IRS. They all charge a convenience fee. Your credit card company might charge interest as well, so be aware of how much the convenience fees and credit card interest will amount to. You can also use a debit card rather than mailing a check if you don't want the IRS to know what your bank account number is.
Make the check payable to the United States Treasury and write your Social Security number, tax form, and the tax year in the memo field. Send this along with Form 1040-V, which is a payment voucher, but don't staple or paperclip the check to the voucher. Mail it to the appropriate address shown on page two of the Form 1040-V.
If you want to go old-school, and today many people are concerned because of all the hacking going on, you can pay by cash, check, or money order at your local IRS office. You should make an appointment online before going to the office.
Tax preparation software (for both consumers and professionals) can set up a direct debit from your checking account. Check with your IT professional or tax preparer for details.
While they don't advertise it, banks have the capability to set up a same-day wire transfer payable to the IRS.