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Topic: How Do I Pay Tax Owed?  (Read 1140 times)

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How Do I Pay Tax Owed?
« on: November 13, 2007, 08:27:26 PM »
Hi there,

I haven't posted here in ...years probably!  :o I do surf by now and then, though.  :) Anyway I need a bit of help. I found an old topic from 2004 relating to this but the question was never answered!

In prepartion for next year's taxes  :o how do I pay tax owed if I don't have a US checking account? Can I pay by an international check/money order or something like that? I've closed a US savings account recently and I'm asking because I'll owe some tax on it. Any help is appreciated, thanks!

Gina


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Re: How Do I Pay Tax Owed?
« Reply #1 on: November 13, 2007, 08:58:51 PM »
I'm just guessing here, but I've paid Canadian tax with a bank transfer.  I'm sure they'll take the money in any manner you can send it.. but wait on the experts here.


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    • British American Tax
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Re: How Do I Pay Tax Owed?
« Reply #2 on: November 14, 2007, 09:35:31 AM »
If you owe a ton, they'll take a cheque in any currency.  But it costs them $50+ per cheque to process, so they'll be mighty cheezed off if you pay a $100 tax bill with a foreign currency cheque.

There are two ways they prefer you to pay:

1)  Your UK bank can issue a draft in dollars.  It still costs them $50+ to process it, but at least it's in dollars.

2)  A freind, relative or other stateside person with a dollar checking account can write a cheque on their account.  You'd have to pay your friend back, of course. 

The IRS prefers a US dollar cheque written on a US bank account, so option 2 is better than option 1. 
Liz Z i t z o w, EA
British American Tax


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Re: How Do I Pay Tax Owed?
« Reply #3 on: November 14, 2007, 09:06:19 PM »
Thanks, that gives me something to work with!


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