Wednesday, April 13, 2011

Payment Options

Q.  When paying the IRS, are there any options available to me other than attaching a check to my return? I'm getting ready to go on a trip, and don't want to stick around to make certain the check cleared the bank, etc. PH, Pennsylvania

A.  If you are electronically filing your return, depending on the software you are using, there should be an option to have the funds taken out of your checking account electronically. In addition, you can now set up for electronic withdrawal of estimated tax payments. I have used this option for several years now and have found it to be quite satisfactory. In addition, the IRS website has an excellent Electronic Payment Options page from which you can choose. Just remember, that if you choose to pay by credit card, you will also have to pay a "convenience fee!"

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