Do you owe the IRS taxes or back taxes? If so, there are services available to you to make your payments online.
You have the option to pay with a credit card, debit card or a payment plan option. This service will allow you to pay your personal taxes or your business taxes. The site is safe, secure, and easy to use. There is a convenience fee that is charged for each payment submitted with minimum fee of $3.95. The convenience fee, in most cases, is based on a percentage of your payment. There is a calculator available for you to calculate your fee and you will know what the fee is before submitting your payment. In most cases, if you use a debit card you will pay a flat fee, which is the minimum. If you choose to use a credit card, the average fee is 2.35%. The following are some examples of what you can expect to pay as a fee for the service:
Payment of $1,000 with a credit card, your fee would be $23.50
Payment of $1,500 with a credit card, your fee would be $35.25
Most services also give you the option to schedule payments by selecting a payment arrangements icon and setting up future payments by a click of a button.
The following information is required to make payments online:
Payment Category -- Personal or Business tax category
Payment Type -- Select which tax form you have filed (1040 series, 4868, 5329, to list a few)
Form Type -- Whether you are paying your current tax bill, back taxes from a previous year, or paying tax due for an amended return.
Payment Type – Credit Card, Debit Card or a Bill Me Later option.
For answers to all your tax-related questions, visit TurboTaxOnline.
Comments