If you owe taxes and you are required to write a check, make the check payable to "United States Treasury." In the memo or "for" line on the check, write "Income Tax 2011" and your social security number. Staple your check to the top front section of your state tax form. Be sure to make a photocopy of each form before mailing, and keep it in your personal records for safe keeping. It can take up to 35 days for you check to be processed.
You can also pay your taxes online, via credit card, electronic funds transfer, money order or cash. An instalment agreement can be made with the IRS where you may be able to pay the amount in monthly instalments. You will be charged a "new user fee” for the chance to begin an instalment agreement.
If you are having trouble paying your taxes, it is advised to do everything in your power to pay them, including getting a loan or putting it on your credit card. This is because the interest on a credit card or bank loan will be significantly less than the penalties imposed by the Inland Revenue. Always provide your correct name, address, Social Security number listed first on the tax form, daytime telephone number, tax year and form number on the front of your check or money order to ensure it is processed quickly and so you can be contacted in the case of anything being wrongly filled out.
Complete and include Form 1040-V, Payment Voucher, when mailing your payment to the IRS. Double-check the IRS mailing address. This will help the IRS process your payment accurately and efficiently. For more information, call 800-829-4477 and select TeleTax Topic 158, Ensuring Proper Credit of Payments. You can also find out more in Publication 17, Your Federal Income Tax and Form 1040-V, both available at www.irs.gov
You can also pay your taxes online, via credit card, electronic funds transfer, money order or cash. An instalment agreement can be made with the IRS where you may be able to pay the amount in monthly instalments. You will be charged a "new user fee” for the chance to begin an instalment agreement.
If you are having trouble paying your taxes, it is advised to do everything in your power to pay them, including getting a loan or putting it on your credit card. This is because the interest on a credit card or bank loan will be significantly less than the penalties imposed by the Inland Revenue. Always provide your correct name, address, Social Security number listed first on the tax form, daytime telephone number, tax year and form number on the front of your check or money order to ensure it is processed quickly and so you can be contacted in the case of anything being wrongly filled out.
Complete and include Form 1040-V, Payment Voucher, when mailing your payment to the IRS. Double-check the IRS mailing address. This will help the IRS process your payment accurately and efficiently. For more information, call 800-829-4477 and select TeleTax Topic 158, Ensuring Proper Credit of Payments. You can also find out more in Publication 17, Your Federal Income Tax and Form 1040-V, both available at www.irs.gov
