Thursday, July 3, 2008

IRS EXPANDS PAYMENT OPTIONS FOR INDIVIDUALS AND BUSINESSES


The IRS has expanded its tax payment options for individuals and businesses. Using a credit card, taxpayers can now make the following payments by phone or over the Internet:

Individuals can pay Trust Fund Recovery Penalty (TFRP) liabilities, including installlment agreement liabilities, with their credit card. The accepted tax quarters include the first quarter of 1997 through the present.

Businesses can make balance due payments for their current and prior year Forms 941, Employer’s Quarterly Federal Tax Return, and Form 940, Employer’s Annual Federal Unemployment (FUTA) Tax Return. This includes installment agreement payments for any unpaid taxes for the prior ten years.

Businesses can also make a balance due payment for the new Form 941, Employer’s annual Federal Tax Return.

The following is a list of IRS e-pay Service Providers and Fees

LINK2GOV website http://www.incometaxpayment.com/ (the only cards accepted through this website are debit and credit cards and these cards must carry the NYCE, Star, or Pulse logos – this is a website only option). There is a $2.95 flat fee per transaction convenience fee. The Customer Service number is 866-967-3468.

LINK2GOV telephone payment can call 888-729-1040 and is available in English and Spanish. The websites for payments are http://www.pay1040.com/; http://www.pay941.com/ and http://www.pay940.com/. You will need to contact the service provider to receive up-to-date information regarding fees. The minimum convenience fee is $1. The Customer Service number is 888-658-5465

OFFICIAL PAYMENTS CORPORATION can be used by calling 800-272-9829 and is available in English and Spanish. Payments may also be made at their website http://www.officialpayments.com/. There is a 2.49% convenience fee. The Customer Service number is 877-754-4413.


Generally, taxpayers can make a payment ghrough the above-named service providers using an American Express Card, Discover Card, MasterCard, or Visa card.

To make a payment of $100,000 or greater through the LINK2GOV Corporation, taxpayers can call 888-729-1040. To make a payment of $100,000 or greater through the Official Payments Corporation (OPC), taxpayers can call OPC’s Special Services Unit at 877-754-4420.

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