quilterj

When doing the taxes yourself online and if you owe them do they require that
you pay them right away or is there an option that you can still make
payments?

KalamaQuilts

You don't pay turbotax anything except the set fee for using the product.
If you owe taxes you mail your check to the IRS.

I don't think the IRS accepts payments. Of course they'd take the money but payments implies late...and their interest on late payments is 10% I think. It adds up Really fast. Unless you are a business and do quarterly payments as a matter of course. But not late

nativetexan

you would have to contact the IRS about payments. but they do take them.

Chasing Hawk

I just hand my accountant a shoebox full of stuff........LOL


Seriously, I make sure all the receipts she needs are categorized. She is fantastic, I will never be without an accountant again.

Jingle

Ours are too complicated for me to do them. We have a CPA that does ours and for our business also. We make estimated tax payments through out the year, so as not to get hit with a large payment due. I do know you are required to make estimated payments if you will be owing more than you did the previous year.

celwood

You can file your return and if you owe taxes pay them by April 15th

BellaBoo

It pays to find a good tax person. It's to your advantage to have your taxes prepared by at least two different CPAs. Even if you file a short form. Some get lax on all the deductions or just don't keep up. One year or taxes were off by several thousand dollars by one accountant from another. So never get comfortable with one without checking with another at least every few years. If you owe then you pay the IRS before April 15. Never the accountant except for their prepare fee. You can file an extension to file later if you owe more then you can pay by the due date.

mjhaess

You down load the completed forms and send in your payment when it is due....I use Tax Act every year...

bennie0755

The taxes are due by April 15th. You can have the IRS direct debit your account when you file through Turbo Tax, or you can mail them a check. If you do not have enough money to pay the tax when you file, you can file Form 9465, and request a payment plan through the IRS. Penalties and interest will continue to accrue until the tax bill is paid in full.

As many others have said, it pays to have a good tax preparer.

ILoveToQuilt

The IRS does make arrangements for payment plans. You will pay interest until paid off (not sure about penalties if a payment schedule is set up with IRS). DH and I have always used H&R Block for our tax preparation. Worth the extra $$ to pay a preparer to do the taxes. H & R Block will stand behind their preparation in a case of an audit. They will also look back at your previous year's taxes to make sure you got all your deductions, etc. JMHO...

Anita