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.
Leader or Manager – Which One Are You?
Leader or Manager – Which One Are You? Are you a great leader or just a manager? While your title may include “manager” that doesn’t automatically make you a leader. Likewise, being a manager doesn’t mean you can’t be a leader, as well. Some people might think the words leader and manager are interchangeable, but…
When Should I Convert From a Traditional to a Roth?
When Should I Convert From a Traditional to a Roth? If you own a traditional IRA then chances are you’ve considered converting it to a Roth IRA. At the very least, you’ve heard about this option and wondered if it’s right for you. Both types of IRAs are good. A traditional IRA is a way…
Why Doesn’t the Government Tax the Wealthy to Fund SS?
Why Doesn’t the Government Tax the Wealthy to Fund SS? The demise of Social Security is coming. In fact, it looks like it’s getting closer and closer every day. For almost eighty years retired workers have been collecting monthly Social Security checks. What started as a program to help low income individuals for a few…
Try These Strategies to Simplify Taxes in Retirement
Try These Strategies to Simplify Taxes in Retirement It might be coming up in a year or two, or maybe you’re still 20 years out, but retirement is coming at some point. There’s a lot to plan for when it comes to retirement, and taxes are one of the big ones. That’s the bad news.…