Before you comeplete your tax extension, remember this important fact: a tax extension gives you more time to file your tax paperwork (like your 1040, for example), but it does not give you more time to pay any money you owe the IRS. So, if on April 15 you owe the IRS money, you are expected to mpay that money, or else you may be subject to tax penalties and fees.
There are several ways to make payments. Here's a summary:
Pay by Electronic Funds Withdrawal
If you e-file using your personal computer or through a tax extension professional (like FileLater, for example), you can make a payment by authorizing an electronic funds withdrawal from your checking or savings account. Check with your financial institution to make sure that an electronic funds withdrawal is allowed and to get the correct routing and account numbers.
If you owe tax and wish to have the money electronically withdrawn from your account, you will be asked to make the following declaration:
"I authorize the U.S. Treasury and its designated Financial Agent to initiate an ACH electronic funds withdrawal entry to the financial institution account indicated for payment of my federal taxes and the financial institution to debit the entry to this account. To revoke a payment, I must contact the U.S. Treasury Financial Agent at 1-888-353-4537 no later than
2 business days prior to the payment (settlement) date. I also authorize the financial institutions involved in the processing of the electronic payment of taxes to receive confidential information necessary to answer inquiries and resolve issues related to the payment."
Note: This is your written copy of the electronic funds withdrawal authorization you made to have the amount you owe withdrawn. Keep it for your records. Do not file a paper Form 4868.
Pay by Credit Card
You can apply for an extension by paying part or all of your estimate of tax due by credit card. To pay by credit card, call toll-free or visit the website of either service provider listed below and follow the instructions. You can use your American Express® Card, Discover® Card, MasterCard® card, or Visa® card. A convenience fee will be charged by the service provider based on the amount you are paying. Fees may vary between the providers. You will be told what the fee is during the transaction and you will have the option to either continue or cancel the transaction. You can also find out what the fee will be by calling the provider's toll-free automated customer service number or visiting the provider's website shown below. Do not add the convenience fee to your tax payment.
Official Payments Corporation
1-800-2PAY-TAXsm (1-800-272-9829) 1-877-754-4413 (Customer Service)
www.officialpayments.com
You will receive a confirmation number when you pay by credit card. Enter the confirmation number below and keep for your records.
Pay by Check or Money Order
When paying by check or money order with Form 4868, use the appropriate address in the middle column under Where To File a Paper Form 4868. Make your check or money order payable to the "United States Treasury." Do not send cash. Write your social security number, daytime phone number, and "2009 Form 4868" on your check or money order. Do not staple or attach your payment to Form 4868.
Note. If you e-file Form 4868 and mail a check or money order to the IRS for payment, use a completed paper Form 4868 as a voucher.
FileLater provides a secure online solution for individuals and businesses seeking to e-file an IRS income tax extension. FileLater is an authorized IRS e-file