IRS’s Direct Pay Service Is Gaining Popularity
Everyone seems to love things that are automatic. In fact, when it comes to financial transactions, cash is hardly ever involved anymore, these days, as everything happens with either swipes or pushing buttons. The same is true with taxes, including the popular e-file option for millions of taxpayers every year.
It turns out getting your refund isn’t the only way to do things electronically with the IRS. The federal tax agency is also very glad to take your money through electronic means. In fact, according to the IRS, it has now processed more than one million electronic tax payments through its Direct Pay option, for a grand total of more than $1.7 billion.
The IRS’s Direct Pay system allows people to pay their tax bills or estimated tax payments online. It is a free service and payments go directly from your bank account to the IRS. The system is not just for tax season, either. With the tax correspondence season now hitting full steam, additional tax assessments and bills for unpaid taxes will soon be arriving in taxpayers’ mailboxes.
With Direct Pay people can make those payments 24 hours a day, seven days a week and the IRS hopes many people will use this service. If you should mess up you also have the option to fix your mistake so long as the payment hasn’t already been processed. Of course, if you do use Direct Pay, make sure you have money in your account to cover the bill.
The Fundamental Purpose of Technology | Peter Adams
About Peter Adams Peter Adams is Founder & CEO of Lighthouse, having launched the firm 33 years ago while working as a deployment specialist in the health care information systems arena. In a moment of epiphany, he realized that the primary goals of his complex projects were not to make some new IT technology…
Anthony Thompson – United Business Bank
About Anthony Thompson Anthony is a Senior Vice President, Commercial Loan Officer at United Business Bank. Prior to his career in Banking Anthony was Vice President, Director of Marketing at Proudfoot Consulting/Phillip Crosby Associates. Anthony also worked as special assistant to US Senator David D. Karnes, and the first woman elected to the US Senate,…
ModuleQ | David Brunner
About David Brunner In 2011 David Brunner founded ModuleQ, a SAS based company to prevent knowledge workers from being overloaded with information. Before founding ModuleQ, David received a PhD from Harvard University in Information, Technology & Management, a joint program integrating business and computer science. Upon Graduating from Harvard, he worked with the CIO…
Social Investing | Richard Swart
About Richard Swart Richard Swart is the Chief Strategy Officer of NextGen Crowdfunding. With more than 20 years of experience in the industry, he also serves as a member of the University of Cambridge’s Alternative Financing Industry Board. Richard is also a founding board member of the Crowdfunding Professional Association (CfPA) and the Crowdfunding…