IRS Introduces First Free Electronic Payment Option
IRS Direct Pay is a new payment application that allows individual taxpayers with a valid Social Security Number to make IRS payments directly from their checking or savings accounts. It’s free, secure and provides an electronic payment confirmation while reducing processing costs. Only Form 1040 payments and associated penalties can be made through IRS Direct Pay.
IRS Direct Pay just began a pilot phase for a limited number of taxpayers (up to 1.2 million). These taxpayers will receive a flyer explaining the service with their balance due notices.
The IRS would like you to be aware of the new product and the marketing effort in case you receive inquiries from clients participating in the test. We are asking you to not offer any information on this product to your clients until the test period is over. We will let you know when the test is over so you can begin sharing information about the tool. If you have clients participating in the test who are unable to submit their payments through IRS Direct Pay, please advise them to submit their payments through other electronic means.
If you need assistance with the IRS representation, tax preparation, tax planning and disclosure of your undeclared foreign bank accounts, please contact Los Angeles & Orange County Tax Attorney, CPA, Zaher Fallahi, at (310) 719-1040 (Los Angeles) or (714) 546-4272 (Orange County), or e-mail to [email protected].