HELP! I owe the IRS!

If you owe the IRS, they offer several options for you to pay or make payment arrangements.

They are:

👉🏾 Electronic funds withdrawal – you can add your bank account information to your tax return and have the amount automatically withdrawn from your account. The is option is free and only available when you e-file your return. It is also only recommended when you are paying your balance in full.

👉🏾 Direct Pay – you can pay directly from a checking or savings account for free with IRS Direct Pay. You receive instant confirmation after you submit a payment. With Direct Pay, you can schedule payments up to 30 days in advance. You can change or cancel their payment two business days before the scheduled payment date.

👉🏾 Credit or debit cards – You can also pay your taxes by debit or credit card online, by phone, or with a mobile device. Card payment processing fees vary by service provider and no part of the service fee goes to the IRS. Telephone numbers for service providers are at IRS.gov/payments.

👉🏾 Pay with cash – you can make a cash payment at a participating retail partner. You can do this at more than 7,000 locations nationwide. Visit IRS.gov/paywithcash for instructions on how to pay with cash.

👉🏾 Installment agreement – if you are unable to pay your tax debt immediately, you may be able to make monthly payments. Before applying for any payment agreement, you must be current with all required tax filings. You can apply for an installment agreement by visiting https://www.irs.gov/pa…/online-payment-agreement-application

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Bernadette L. Harris
Forensic Accountant at By The Book Accounting
Bernadette L. Harris is a Forensic Accountant, Certified Fraud Examiner, Expert Witness, Keynote Speaker, and #1 bestselling author who has helped hundreds of business owners put systems in place to protect their businesses and prepare for growth.

Her latest books, Business Blueprint 2.0 and Did You Hire a Fraud? can be purchased at: Shop.BernadetteHarris.com.

She speaks to audiences across the country about entrepreneurship and fraud prevention. Follow her on social media @TrustBernadette

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