Today, I want to learn about:
near me:
    
Category: Business / Careers
Views: 3379
Comments: 0 Favorited: 0
Average Rating:
You must be logged in to vote.
This MonthAverage: N/A, Votes: 0
All TimeAverage: .00, Votes: 0


If You Owe On Your Taxes, Here’s How to Pay

» Introduction
Paying taxes is often a good news/bad news deal. The good news is you finished your taxes with a minimum of fuss. The bad news finds you reaching for your pocketbook to cut a check to Uncle Sam for taxes owed. The silver lining, in this instance, is that there are more ways to pay your tax bill than by check alone. Personal checks, money orders, credit cards, and direct debit reduction from your bank account are all accepted methods of paying your taxes
» Step 1
Personal checks – Most people pay by check, especially those who file the old-fashioned way. If you pay by check, make sure to sign it and include your Social Security number on the face of the check.
» Step 2
Bank account debit – Online filers are big fans of direct debit. It’s easy and quick and you get a confirmation notice from the bank saying proceeds from your checking or savings account have been used to pay your taxes. A bonus: if you want to file early, but don’t want to pay early, notify your bank you want to deduct the funds to pay Uncle Sam from your bank account on April 15.
» Step 3
Credit Card -- If you want to pay by credit card, that’s fine – as long as you’re not a Visa cardholder (the company doesn’t participate in the IRS program). But American Express, MasterCard and Discover card members can go ahead and use their plastic to cover their tax tabs. Charge your taxes by calling 1-800-2PAY-TAX or PhoneCharge Inc. at 1-888-ALL-TAXX. Pay over the Internet at www.officialpayments.com or www.1888ALLTAXX.com. If you pay your taxes by credit card, your card company will likely charge you a “convenience fee” of up to $50.
» Step 4
If you can’t pay what you owe to the IRS, you can apply to pay via an installment plan – if the IRS approves. You can apply by completing Form 9465. If you get the thumbs-up from Uncle Sam, you will have to make monthly payments based upon an agreed-upon figure the IRS. Note: if you’re already paying the IRS via an installment plan and haven’t met the financial obligation yet, you won’t be able to start a new plan until the bill is paid. Since penalties and interests do come in to play, a bank line of credit or loan may be a smarter financial option than the installment plan.

Tell others about this page by Digging it:



Share and Bookmark This Article on Other Sites
NEW! Share Your Favorite Videos and Articles with Your Friends on Facebook using the OneMinuteU Facebook Application.


Loading Playlist...
Learn how to say the most powerful phase in the wo...
Views: 136275
 (2)
Great tips on tax-deferred and tax-free investment...
Views: 3752
 (0)
From a tax standpoint, being a self-employed small...
Views: 4549
 (0)
Paying taxes is often a good news/bad news deal. T...
Views: 3380
 (0)
As you complete your tax forms, cross-reference th...
Views: 2710
 (0)
Knowing the IRS’s standard deductions and how to i...
Views: 3171
 (0)
For many Americans, the homes we own represent our...
Views: 12173
 (0)
Americans lose loads of cash every year by overloo...
Views: 5000
 (0)
Paying taxes to the ITS gets trickier if you’re se...
Views: 4229
 (0)
When you’re self self-employed, deciding between e...
Views: 8450
 (1)