Many of our clients here at Accounting for All are required to make estimated quarterly tax payments to the Internal Revenue Service. Now, the IRS provides an easier way to do it through their Direct Pay electronic payment system.
The process is simple, with only a few steps. First, connect with the IRS through the Direct Pay portal here: https://www.irs.gov/Payments/Direct-Pay
You’ll then be guided through five easy steps in order to have your payment processed:
- Provide your tax information
- Verify your identity
- Enter your payment information
- Review and electronically sign the transaction
- Print or record your online confirmation number
The next due date for quarterly estimated payments is tomorrow — Friday, Jan. 15 — so it’s probably advisable to make your payment as soon as practicable. And you should be aware the system is down for maintenance daily between 11:45 p.m. and midnight EST (and on Saturdays from 11:45 p.m. until 7 a.m. Sunday morning).
For security purposes, the IRS doesn’t store any of your banking information after the transaction is complete. However, if you’ve already made a payment you can look up the status and the details, and you can modify a payment up to two business days before the payment is due.
If we can be of any assistance in managing your payment, or if you have any other accounting needs, please call our office at (518) 383-2406 or visit our website to contact us via email.
All of us at Accounting for All hope you enjoyed a wonderful Holiday Season and you’re off to a great start in 2016. We look forward to hearing from you!
Accounting for All, CPAs is dedicated to providing small- and medium-sized businesses and their entrepreneurial owners with leadership and guidance from a Certified Public Accountant’s perspective.