IRS Direct Pay Hits the Ground Running | AccountingWEB

IRS Direct Pay Hits the Ground Running

A new IRS web-based payment system is off to a good start.

More than 150,000 taxpayers have paid more than $340 million in taxes through the new IRS Direct Pay system, the IRS announced on Thursday. Users can pay their tax bills or make estimated tax payments directly from their checking or savings accounts without any fees or preregistration. The system is available 24 hours a day, seven days a week.

"IRS Direct Pay reflects our latest effort to add more online tools to provide additional service options to help taxpayers,” IRS Commissioner John Koskinen said in a written statement. “IRS Direct Pay simplifies the payment process, and taxpayers can make a payment from the convenience of a home computer.”

Taxpayers receive instant confirmation that the payment has been submitted. IRS systems do not retain bank account information after payments are made, the agency noted.

By using the “Pay Your Tax Bill” icon at the top of the IRS home page, taxpayers can access IRS Direct Pay, which walks the taxpayer through the following five steps:

  1. Providing your tax information.
  2. Verifying your identity.
  3. Entering your payment information.
  4. Reviewing your online confirmation.
  5. Electronically signing and recording your online confirmation.

IRS Direct Pay offers 30-day advance payment scheduling, payment rescheduling or cancellations, and a payment status search. The IRS noted that future plans include an option for e-mailed payment confirmation, a Spanish version, and one-time registration with a login and password to allow quick access on return visits.

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