If you have a tax liability to cover, you have the option of paying your taxes using a credit card. This payment options available to you, regardless if you electronically file your taxes or file a paper return. Credit card payments are currently originated only by Official Payments Corporation (OPC), who provides the service to the IRS and a lot other states. OPC bills you you a convenience fee, depending on the amount of tax being paid. Every one of the fee goes to OPC. Exactly the tax amount goes to government entities. This fee is charged by OPC to hide operating costs associated with servicing thousands of transactions. The credit card payment transaction is strictly between you and also OPC, and therefore, any disputes specific towards the card payment are between you and OPC.
Features and Benefits of Paying Your Taxes having a Credit Card:
It’s convenient – Taxpayers can e-file or paper file early, come up with a payment by charge card and yet delay out-of-pocket expenses. Payments can be achieved by phone, on-line or when e-filing.
It’s secure – standard, commercial card networks are widely-used. The IRS does not receive or store card numbers.
The payment choices available through companies.
Payment information will not be disclosed for any reason apart from processing the transaction licensed by the taxpayer.
A confirmation number is provided at the end of the phone or Internet transaction. You must keep this for your records.
The “United States Treasury Tax Payment” is roofed on the card statement as further evidence of payment. The convenience fee will be included on the statement as being a “Tax Payment Convenience Fee” (or similar transaction).
The integrated e-file and e-pay credit card income choice is available through a variety of tax preparation software products and tax professionals. For additional information about e-filing and paying at one time (including convenience fees and accepted bank cards), taxpayers can make reference to tax preparation software or even a tax professional.
When paying through tax preparation software, users will likely be prompted to enter the required credit card information.
When paying by Internet, taxpayers will probably be prompted to complete the required entry fields.
When the taxpayer has a reward credit card they may earn miles, points, rewards or money back from the credit card issuer. You should use a rewards bank card for your IRS payment because of this. If you don’t have one there are lots of you can apply for efficiently online.
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