IRS TAX TIP 2003-57
OPTIONS FOR PAYING YOUR TAXES
If you do not pay your taxes when due, you may have to pay a failure-to-pay penalty. To avoid this penalty, the IRS suggests several ways to pay your taxes. You can pay by check, money order or credit card or use the automatic withdrawal method.
CHECK OR MONEY ORDER
If you choose to pay by check or money order, make it out to "United States Treasury." Please show your correct name, address, Social Security number, daytime telephone number and the tax year and form number on the front of your check or money order.
CREDIT CARD
You can charge your taxes on your American Express, MasterCard, Visa or Discover Card. To pay by credit card, contact one of the service providers at its telephone number or Web site listed below and follow the instructions. The service providers charge a convenience fee based on the
amount you are paying. Do not add the convenience fee to your tax payment.
Official Payments Corporation
Phone 1-800-2PAY-TAX (1-800-272-9829)
Web Site
www.officialpayments.comLINK2GOV Corporation
Phone 1-888-PAY-1040 (1-888-729-1040)
Web Site
www.pay1040.comAUTOMATIC WITHDRAWAL
You can file electronically and pay in a single step by authorizing an electronic funds withdrawal from your checking or savings account. This option is available through tax software packages, tax professionals and TeleFile. You will need to have your account number, your financial
institution's routing transit number and account type (checking or savings). You can schedule the payment for any future date up to and including the April 15 return due date.
For more information about filing and paying your taxes, refer to Form 1040 or IRS Publication 17, "Your Federal Income Tax."
