August 4, 2006, Newsletter Issue #26: About Electronic Tax Payments

Tip of the Week

The IRS offers individuals a variety of ways to pay their Federal Taxes†electronically. Individuals can pay the taxes they owe on their 2005 tax returns by electronic funds withdrawal from a bank account or using a credit card. The IRS doesnít charge a fee for payments by credit card, but the third-party companies that process the payments often do. Individuals who need to pay income, employment, estimated, or excise taxes can also enroll in the IRSí Electronic Federal Tax Payment System (EFTPS). EFTPS offers the ability to pay taxes online or by phone 24 hours a day, seven days a week. To enroll in EFTPS, visit www.EFTPS.gov or request an IRS form to enroll by call EFTPS customer service at 1-800-555-4477.

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