Paying US Taxes - while living in the US and overseas
IRS Payment Options
Whether you’re paying your taxes in full or in part, the fastest and easiest way to do so is by using one of the electronic payment options. E-pay options include:
- Electronic Federal Tax Payment System (EFTPS). This free service gives taxpayers a safe and convenient way to pay individual and business taxes by phone or online.
- Credit or debit card. Both paper and electronic filers can pay their taxes by phone or online through any of several authorized credit and debit card processors. Though the IRS does not charge a fee for this service, the card processors do. For taxpayers who itemize their deductions, these convenience fees can be claimed on Schedule A Line 23.
Taxpayers who choose to pay by check or money order should make the payment out to the “United States Treasury.” Write “2013 Form 1040,” name, address, daytime phone number and Social Security number on the front of the check or money order.
To help ensure that the payment is credited promptly, also enclose a Form 1040-V payment voucher.
Interest & Penalties
We do not calculate interest and penalties and let the IRS calculate, because we do not know the date you will remit payment.
If we do not know the date the client pays, then we either overstate (payment date too late) or understate ((payment date too early; IRS sends another bill) penalties.