In 2018, about 14 million Americans owed the IRS $131 billion in overdue taxes, interest, and penalties. If you’re one of the millions of Americans that owe the United States money on your taxes, you should make sure that you pay them before the tax deadline hits.
It is very important to understand how to pay the taxes you owe. You should check out our guide here on some of the best ways to pay your taxes.
Bank
If you have a checking or savings account, you can provide the IRS your routing and bank account number, and you can send them money that way. You may also need to pick a day to send them the money.
It’s one of the easiest ways to do it, and you can do it regardless of how you file your taxes.
However, it’s not the only way to do it. Normally, there are no fees that are applied to this transaction.
If you still need help paying your taxes, contact Resolve Tax.
Cash
To pay with cash, you can use an application called PayNearMe. To do this, you can go to that website and click on the Official Payments page. There are instructions there on how to do it.
Then you’ll get a code where you can take to a clerk who works somewhere where they can send it to the IRS. They’ll then scan the code and transfer your cash to send it to the IRS.
However, there is normally a fee attached to this payment system. You can also only pay up to $1,000 in cash, so if you owe more than that, this system probably isn’t for you.
Debit Card
If you have a debit card, you can also swipe your card to pay your taxes.
There are normally fees associated with paying with your debit card, but if you don’t mind paying a little extra for convenience, it works perfectly.
Money Order/Check
Lastly, you could also send your taxes through a check or a money order.
When you write out the check or the money order, make sure that you write it for the United States Treasury. In the memo line, write the year of taxes you’re paying and then “Form 1040.” Add your social security number after that.
You should make sure that all of your information is on the check so that they know whose taxes your paying.
If you’re going to send a check or money order, you’ll also need to include Form 1040-V. You can download this form online.
These are also more ways to pay the IRS when you try to figure out how to pay taxes you owe.
Whichever option you choose, make sure that all of it is legit so you don’t end up sending money to some scammers.
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