If you are stuck with a huge tax bill, you may feel overwhelmed at the thought of trying to find the funds to pay back the federal government. In the case that you are short on the cash to pay your federal taxes, you can pay the IRS with a credit card. Paying by credit card also has the added benefit of leaving a paper trail in the case that your payment record is misplaced by the IRS.
Step 1
Choose an IRS-approved electronic payment provider. In order to pay your federal taxes by credit card, you need to use an e-pay provider. The IRS has a list of multiple providers that process credit card payments for federal tax monies. Some examples include Link2Gov Corp. and Official Payments Corp.
Step 2
Make your payment online through the e-pay provider website or by phone. The e-pay provider will give a phone number on its site that you can use to pay your federal taxes over the phone with a live representative.
Step 3
Provide the information required by the e-pay provider. You should have your tax return handy when paying your federal taxes by credit card. You will need to give the representative the tax form type you have filed, amount that you are paying and the tax year for the return. Your name, address and Social Security number will be required.
Step 4
Relay your credit card information. The card number, expiration date, and cardholder's name will be required to process your payment. Once the payment is complete, it will appear as United States Treasury Tax Payment on your card statement.
Step 5
Pay the fee to use your credit card to settle your tax bill. In addition to the interest rate imposed by your credit card company, you will be charged a fee by the e-pay provider. The charge is called a convenience fee and will be either a flat rate or a percentage of the amount that you need to pay on your federal taxes.
Things You'll Need
- Tax return
- Credit card
- Computer with Internet
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