Your browser does not support JavaScript
Client Portal
      Monthly Newsletter
 

Blog & News

Payments to the IRS through "Direct Pay"
Posted By:  Jon Andre CFP®
Tuesday, December 4, 2018

Do you currently make quarterly estimated payments to the IRS?  Many retirees and high income earners have to pull out theblog checkbook, fill out a quarterly payment coupon, and mail in their check on a quarterly basis.  Many of these individuals are unaware that starting in 2014, the IRS introduced a new program which allows you to electronically make these payments, as well as your annual tax liability quickly and securely.  This program is called “IRS Direct Pay.” 


IRS Direct Pay is simple.  Once you are on the website (https://www.irs.gov/payments/direct-pay) you will click to “Make a Payment.”  From there, you will choose the type of payment you are making (estimated tax, tax return, etc.) and then move on to the verification process.  In order to verify your identity, you will need a copy of one tax return of your choice from the previous 6 years where you will be required to enter information on that return which will match the IRS system to verify your identity.  Lastly, you will move to the step of inputting your bank routing and account numbers which can be found along the bottom of your bank checks or account ID card.


Additional details about the direct pay system:


·         Receive an instant confirmation number and credit for your payment that day and your payment will process within 2 business days.


·         Payments can also be scheduled for up to 30 days in advance.


·         Direct Pay does not save any of your personal information or require you to create a login, so you will need to verify your identity each time you make a payment.


·         Not available for business payments and they do not accept credit cards.


Direct Pay is simple, fast and secure and eliminates the need to write and mail checks to the IRS wondering if they ever received your payments.  Visit the website for additional information and to start your payment today!





 
 
Subscribe To Our Blog

Blog Categories

  • Business Owners
  • Client Experience
  • College Planning
  • Estate Planning
  • Executive Compensation
  • Firm Updates
  • In the News
  • Investments & Market Updates
  • Net Worth
  • Retirement Planning
  • Security & Privacy
  • Taxes
    • 12/04/2018 - Payments to the IRS through "D
    • 10/18/2018 - Charitable giving under the ne
    • 08/01/2018 - Value of Roth Conversions
    • 06/18/2018 - Charitable Gifts from your IRA
    • 04/27/2018 - The Tax Saving Power of a Heal
    • 12/21/2017 - Tax Cuts and Jobs Act of 2017
    • 11/03/2017 - 2017 Year End Tax Planning Str
    • 10/19/2017 - Tax Preparation is not Tax Pla
    • 09/17/2014 - 2013 Obamacare Taxes for High
    • 09/17/2014 - American Taxpayer Relief Act o
 
 

WE'VE BEEN LISTENING
FOR OVER 25 YEARS

Life brings many transitions. Find the right advisor to fit your needs on a fee-only basis, and take the first step in the journey. Total Wealth Planning's team of Certified Financial Planners® guides Cincinnati families and associates through transition.
 
Total Wealth Planning Associations
WE ARE PROUDLY ASSOCIATED WITH

CONTACT INFO


 

WHAT'S NEW AT TWP


       
CORPORATE EXECUTIVES

WEALTH-BUILDING FAMILIES

RETIREES

BUSINESS OWNERS
ECONOMIC OUTLOOK

BLOG & NEWS

VIDEO LIBRARY

   
4665 Cornell Rd. Suite 160, Cincinnati, OH 45241 4665 Cornell Rd. Suite 160, Cincinnati, OH 45241
513-984-6696 513-984-6696
info@twpteam.com info@twpteam.com
Payments to the IRS through "Direct Pay"
Tuesday, December 4, 2018


SEE MORE >

Follow us on Google+
Blog & News
Follow us on Twitter
Find us on Facebook
DISCLOSURES | COPYRIGHT © 2018. TOTAL WEALTH PLANNING. ALL RIGHTS RESERVED.
GET STARTED
READY TO
GET STARTED?