Five Tips to Help You Pay Your Tax Bill

If you get a tax bill from the IRS, don’t ignore it. A delay may cost you more in the long run. The longer you wait the more interest and penalties you may have to pay.



Here are five tips to help you avoid those extra charges:


1. Pay electronically. Using an IRS electronic payment to pay your tax is quick, accurate and safe. You also get a record of your payment. Your options include:
•IRS Direct Pay
•Electronic Federal Tax Payment System
•Credit or debit card

2. Pay monthly if you can’t pay in full. If you can’t pay all at once, apply for a payment plan. Most people and some small businesses can apply using the IRS Online Payment Agreement Application on IRS.gov. You can also apply for a plan using Form 9465, Installment Agreement Request.

3. Check out a direct debit pay plan. A direct debit pay plan is the lower-cost hassle-free way to pay. The set-up fee is less than other plans – $52 instead of $120. With this type of plan, you pay each month automatically from your bank account. There are no reminder notices from IRS, no missed payments and no checks to write and mail.

4. Consider an Offer in Compromise. An Offer in Compromise allows you to settle your tax debt with the IRS for less than the full amount. An OIC may be an option if you can't pay your tax in full. It may also apply if full payment will create a financial hardship.

5. Pay by check or money order. Make your check or money order payable to the U.S. Treasury.

(Source of quote)

Tax Tip 2014-14

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Written by

Office T.Professional ; ホームページが新しくなりました！


米国税理士小野　知史（Tomofumi Ono）

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