Make Tax Payments
You can make your Estimated Tax Payments, Extension Tax Payment, or final tax due payment using any of these four (4) payment options.
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- Online payment portals
- Direct debit from your bank account
- Mail a check with a Payment Voucher Form
- Installment payment agreement request
1. Online Payment Portals
This is the newest and perhaps easiest and most secure of the four payment options available. Simply click on the icon below, create an online account for yourself if you haven’t done so already, and make your tax payment.
Make your Massachusetts tax payment online through a direct debit from your checking or savings account at no additional cost to you. You can also make your Massachusetts tax payment with your American Express, Discover, MasterCard or VISA credit card plus an additional convenience fee of 2.30% of the amount of your tax payment.
2. Direct debit from your bank account
Provide me with your checking or savings account details which I will transcribe into your income tax return. This is the same method utilized to set up direct deposit of your income tax refund into your checking or savings account.
Note: this payment option is not available for making Estimated Tax Payments.
3. Mail a check with a Payment Voucher Form
This is the oldest and most time-tested form of making income tax payments. With rising interest rates, you may earn a little interest on the float until your check actually clears.
You simply write a check in the amount of your Estimated Tax Payment, Extension Tax Payment, or final tax due payment, respectively, and put it in the mail along with the corresponding Payment Voucher Form that I will provide for you.
To make your Federal tax payment by mail, make a check payable to "United States Treasury" in the amount of the tax payment, write your SSN and "202X Form YYYY" (replace “X” with the last digit of the year; replace “YYYY” with “Form 1040-ES”, “Form 4868”, or “Form 1040-V”, respectively) on the front of your check, and sign it. Mail your check along with the corresponding Payment Voucher Form to the address printed on the Form.
To make your New Hampshire tax payment by mail, make a check payable to "State of New Hampshire " in the amount of the tax payment, write your SSN and "202X Form YYYY" (replace “X” with the last digit of the year; replace “YYYY” with “Form DP-10-ES or Form NH-1040-ES”, “Form DP-10-EXT”, or “Form NH-PYT”, respectively) on the front of your check, and sign it. Mail your check along with the corresponding Payment Voucher Form to the address printed on the Form.
To make your Massachusetts tax payment by mail, make a check payable to " Commonwealth of Massachusetts" in the amount of the tax payment, write your SSN and "202X Form YYYY" (replace “X” with the last digit of the year; replace “YYYY” with “Form 1-ES”, “Form M-4868”, or “Form PV”, respectively) on the front of your check, and sign it. Mail your check along with the corresponding Payment Voucher Form to the address printed on the Form.
4. Installment Payment Agreement Request
If payment of the Federal tax due would cause some hardship or cash flow problems for your household budget, the IRS does offer an installment payment option via Form 9465. If you decide to choose this option, please provide me with the following info:
- Amount of your down payment.
- Amount you agree to pay each month.
- Number of months that you will make such monthly payments (cannot be more than 72 months).
- Date of the month you will make such monthly payments (must be between 1 and 28; 29, 30 and 31 are not allowed).
I must enter all of the above info on your Form 9465 "Installment Agreement Request” in order to e-file your Federal return without encountering any e-filing errors.
You can choose any amount you like for the down payment and the monthly payment amounts. For example, suppose you owe additional Federal income tax of $10,000. You could make a down payment of $1,000, then monthly payments of $200 each on the 15th of the month until your balance is paid in full. My only caution is that you be “reasonable” with the amounts you propose. The down payment could be made via either direct debit or mailing a check, as discussed above. You may opt to make the monthly payments via direct debit or via check - let me know which payment method you prefer. Your choices will be recorded on Form 9465.
The IRS will charge you interest at the rate of 14% annually. You may prepay any amount you choose at any time without incurring any penalties or charges. Prepayment will also reduce the amount of interest that your account will be assessed.
The State of New Hampshire and the Commonwealth of Massachusetts do not offer an installment payment plan option at this time.
Impersonation Scam
Impersonation scams are some of the most popular and effective tactics used to commit fraud because they rely on your relationship with a legitimate financial advisor – such as TwardyCPA. For example, someone might contact you claiming to be me. They may even have some personal information about you already, which is often easily accessible on popular social media websites.
Once the scammer has your trust, they’ll state that there is a serious problem, and that you must hurry to fix it. They’ll push for immediate responses to cause you to panic and give away identifying details like your username and password. Scammers often try to get you to request a one-time passcode that they can intercept and use to get into your account. They may ask you to initiate a transfer of funds from your bank account to what is supposedly a Federal government bank account because “the IRS is having trouble processing check payments.”
Your Response
If you suspect someone is trying to steal your banking information, don’t rush. Take time to assess the situation by asking for the caller’s name and for a phone number. Often, once questioned, scammers will abruptly hang up. If they do give you a phone number, tell them you need to verify the number before returning their call. Hang up and check any information they provide against a known source of information. You will likely find that the number the caller provided isn’t legitimate, and the interaction was a hoax.
Suspicious Text & Emails
DO NOT click on any links sent via email or text message asking you to provide personal or account information (e.g., email, password, username, Social Security number, date of birth, etc.). TwardyCPA never sends messages with links requesting your personal or account information. Fraudulent links may simply be trying to collect your information, or they may infect your device with malware which can also be used to steal your sensitive information.
If you receive a suspicious phone call, email, or text message from a person claiming to be me, please call me immediately at 603.763.0350 or 781.274.6600 to report your concerns, so that together we can assess the situation in greater detail.