Tax payment via wire transfer

Dos the IRS support incoming wire transfers for tax payments? The deadline is looming and I'm concerned I'll need to use a wire to get payments recorded by the 31st. I have not been able to find wire instructions anywhere.

(Search on the web was unsuccessful, just lots of noise about how the IRS watches all you wire transfers for signs of tax evasion and money laundering)/

Reply to
reikred
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I'm not aware of any wire transfer procedures. Nor am I aware of any 1040 payment that's due by 12/31. The final estimated tax payment for 2008 is due 1/15/2009. You may have time to set up an account for direct debits at

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Reply to
Phil Marti

To elaborate, "have time to set up an account" = 15 day turn-around to paper-mail you a PIN code, according to the web site.

A paper check which is postmarked by whatever due date you are trying to meet should also do the trick, unless you are in a situation that requires e-payments (does not apply to most individual taxpayers). For those who can, filing the tax return by Feb. 2, 2009 and paying any balance due in full eliminates the need to make a Jan. 15th estimated payment.

-Mark Bole

Reply to
Mark Bole

Thanks to everyone. I signed up for ETFPS.

I also found that California FTB has a more light-weight process than the IRS for submitting electronic payments, based on an ACH pull from your account.

See

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for details. In fact, Californa in 2009 makes it mandatory to use some form of electronic payment if any payment is bigger than 20k or the (expected?) total is more than 80k.

I wish IRS had a similar system -- something that does not require a sign-up, a PIN, a pre-designated bank account and so on. It appears to me that if the SSN(s) on any bank account matches the single/joint filer(s), the safety of letting the users designate an account as a source AT THE TIME OF TRANSACTION would be quite good.

I recall from speaking with IRS in 2008 that full-fledged web accounts for tax status etc are in the works as well. Let;s hope it will be available soon!

Reply to
reikred

If you go to the link that Arthur Kamlet posted, you will see there *is* a more light-weight process, in other words when you efile your return you can designate an account for ACH payment of balance due and 4 quarterly estimated payments.

For every person who wants it to be easier, there is probably another who feels the government already has too many hooks into his or her bank accounts. To use the old saying, security and convenience are inversely proportional.

-Mark Bole

Reply to
Mark Bole

Mark Bole wrote in news:B3A6l.188$%54.81 @nlpi070.nbdc.sbc.com:

Experiences influence perceptions. Still beauty is in the eyes of the beholder, and you yourself have to weigh the pros and cons to find your cost-benefit relationships.

Reply to
Han

replying to reikred, A Merrill wrote: Yes, you can wire to IRS. Fill out this form and take to bank.

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Reply to
A Merrill

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