New Way to Pay – IRS Direct Pay
The Internal Revenue Service (IRS) has instituted a new web-based system called IRS Direct Pay which enables individual taxpayers to pay tax bills or make estimated tax payments directly from a checking or savings account, without any fees or preregistration.
The website is easy to use and taxpayers will receive immediate confirmation that a payment has been submitted. Bank account information is not retained in IRS systems after a payment is made.
The system is available 24 hours a day, seven days a week. “IRS Direct Pay reflects our latest effort to add more online tools to provide additional service options to help taxpayers,” IRS Commissioner John Koskinen said in a written statement. “IRS Direct Pay simplifies the payment process, and taxpayers can make a payment from the convenience of a home computer.”
By using the “Pay Your Tax Bill” icon at the top of the IRS home page (www.irs.gov), taxpayers can access IRS Direct Pay, which walks the taxpayer through the following five steps:
- Providing your tax information.
- Verifying your identity. – The IRS will use one of your prior year processed tax returns to verify your identity.
- Entering your payment information.
- Reviewing your online confirmation.
- Electronically signing and recording your online confirmation.
The system can be used to make tax payments related to tax returns for the last 20 years, request for extension of time to file payments for the current calendar year and estimated tax payments for the current calendar year.
As of May 31, 2014 more than 150,000 taxpayers had used the IRS Direct Pay system to make over $340 million in tax payments.
The system offers 30-day advance payment scheduling, payment rescheduling or cancellations, and a payment status search. Please contact our office with any questions on the IRS Direct Pay system.