Things You'll Need:
- Copy of your personal tax return
- Internet access
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Step 1
Prepare your personal tax return using either the TaxCut online or downloaded version to determine if you owe taxes to the federal government. If you are expecting a refund, you can either provide bank account information to have the refund deposited directly into your account or you can receive a check.
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Step 2
Pay your income taxes through the TaxCut program by a direct debit from your bank account. One of the interview questions in the software asks you if you would like that option. You will need to provide your banking information including the name on the account, branch number and account number so that the IRS can withdraw the taxes directly from your account. This can only be done on or before April 15th. Taxes paid late do not qualify for the online program. You can specify any date of withdrawal up to April 15.
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Step 3
Make an online payment arrangement with the IRS. If you find that you are unable to pay all of your federal income taxes owing on or before the due date, you can file Form 9465 to request an installment plan. If approved, the IRS will debit your account monthly for the agreed-upon amount. The installment plan is only available to you if: (a) you owe less than $10,000; (b) you have paid all your taxes and filed on time for the past five years; and (c) you provide the IRS with personal financial information showing them that you are unable to pay the balance when it is due. The installment plan can last for a maximum of three years, during with penalties and interest apply to the outstanding balance.
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Step 4
Pay your income tax balance with a MasterCard, VISA or Discover credit card or use your debit card to pay. If you pay directly in the H&R Block office, your transaction fee will be lower but you can pay online as you are efiling your taxes through TaxCut.
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Step 5
Check any notices you receive from the IRS after an online payment to make sure that the payment was properly applied to the balance owing and not the current year's installments.
