Last week I mentioned a couple of ways to pay past due taxes, here are a few more ways to pay those taxes.

You can ask for an installment agreement online if you owe $25,000 or less. You can do this all online at www.irs.gov; look for the on-line payment arrangement link (OPA) or type OPA into the search box. It is a simple way to avoid direct interaction with a human at the IRS and still get your payment agreement. You should get instant approval if you can pay the debt in full in 60 months.

You can also pay your taxes by charging them on your American Express, MasterCard, Visa or Discover credit cards or using a Visa Consumer Debit Card or a NYCE, Pulse or Star Debit Card. If you are using a credit card, the processing company (not the IRS) charges a convenience fee which is up to 2.5% of the debt. The debit card providers charge a flat fee of $3.95 to process the transaction.

Visit the IRS website, www.irs.gov and choose “1040 Central” to find specific instructions for the above.

 
This information is provided in an effort to help you gather and organize the information necessary to file your individual or small business income tax return. While these financial tools are not a substitute for financial advice from a qualified professional, they can be used as a starting point in your decision making process.