When writing out a check to pay federal income tax, it must be made out to ‘United States Treasury.’ Making a payment in this way means you also have to include some important details. These include: Your name, address, daytime telephone number and social security number.
Once all these details have been included on the front of the check or money order, send them together with Form 1040-V to the IRS before the tax filing deadline date.
Paying federal tax income by check or money order is only really an option if you have the money available to pay right now. There is also the option of setting up a direct debit agreement with the IRS and paying by debit card. This payment option however, is only available if you are able to make regular payments and have completed an e-filed return form.
Alternatively, if you do not have the money available at the moment, there may be the option of setting up an Installment Agreement with the IRS, or paying by credit card. An application to make federal income tax payments via an installment agreement can be submitted online on the IRS website; however, certain interest and penalty charges may apply.
Alternatively, for those who simply need an additional period of time to make the payments, there may be the option of applying through the Online Payment Agreement on the IRS website. The outcome of this application will be based on the individual’s own personal circumstances and if successful may have an additional 60 to 120 days to make the payments in full. In general, those who choose to pay using this option may end up paying less in penalty and interest charges than those who choose an Installment Agreement over a longer period of time.
Once all these details have been included on the front of the check or money order, send them together with Form 1040-V to the IRS before the tax filing deadline date.
Paying federal tax income by check or money order is only really an option if you have the money available to pay right now. There is also the option of setting up a direct debit agreement with the IRS and paying by debit card. This payment option however, is only available if you are able to make regular payments and have completed an e-filed return form.
Alternatively, if you do not have the money available at the moment, there may be the option of setting up an Installment Agreement with the IRS, or paying by credit card. An application to make federal income tax payments via an installment agreement can be submitted online on the IRS website; however, certain interest and penalty charges may apply.
Alternatively, for those who simply need an additional period of time to make the payments, there may be the option of applying through the Online Payment Agreement on the IRS website. The outcome of this application will be based on the individual’s own personal circumstances and if successful may have an additional 60 to 120 days to make the payments in full. In general, those who choose to pay using this option may end up paying less in penalty and interest charges than those who choose an Installment Agreement over a longer period of time.
