irs-paymentIf you need to make a payment with your tax return this year, you need to know what your payment options are. Here are the 10 important facts the IRS has recently published that will help you make your tax payment correctly. 1. Never Send Cash! - If you send cash, it can easily get lost or stolen. Plus, if you pay by cash, it cannot be tracked or verified as easily as a check or credit card payment. 2. Direct Debit When Filing Your Return - If you file electronically, you can file and pay in a single step by authorizing an electronic funs withdrawal (direct debit) via your tax professional. 3. Pay by Phone or Online - Whether you file a paper return or electronically, you can pay by phone or online using a credit or debit card. Make your credit card payment using your touch-tone phone by calling Link2Gov toll-free at (888) 729-1040. To make your payment online, go to the web site. Making your payment in this way automatically qualifies you for an extension of time to file your tax return until October 15, 2013. 4. Electronic Payment Options - Electronic payment options provide an alternative to check or money orders. You can pay taxes or user fees 24 hours a day, seven days a week. Visit the IRS website at and search “e-pay,” or refer to Publication 3611, Electronic Payments for more details. 5. Deduction for Convenience Fees - If you itemize, you may be able to deduct the convenience fee charged for paying individual income taxes with a credit or debit card as miscellaneous itemized deduction on Form 1040, Schedule A (itemized deductions), line 23. 6. Enclose Payment with Return - If you file on paper, you can enclose your payment with your return, but do not staple it to the return. 7. Make Check out to Correct Party - If you pay by check or money order, make sure it is payable to the “United States Treasury.” 8. Provide Key Info on Checks - Always provide on the front of your check or money order your correct name, address, Social Security number listed first on the tax form, daytime telephone number, tax year and form number. 9. Form 1040-V - Complete and include Form 1040-V, Payment Voucher, when mailing your payment to the IRS. Double-check the IRS mailing address. This will help the IRS process your payment accurately and efficiently. 10. Payment Resources - For more information, call 800-829-4477 and select TeleTax Topic 158, Ensuring Proper Credit of Payments. You can also find out more in Publication 17, Your Federal Income Tax and Form 1040-V, both available at or by calling 800-TAX-FORM (800-829-3676). Vincent Mangiapane, EA Federal Analyst, Taxbrain