Great video as always Katie! One thing you may want to revise or edit is, the drop down menu when selecting to pay online (direct pay) @ 3:50 mark on your video, the menu is now different. Cheers!
Katie St Ores CFP, ChFC, EA Hi Katie, can you let me know what the option is for paying my taxes for 2021 direct pay - also when you get to the third tab of the process it has you choose a past tax year for verification- and it had me under the impression that I was paying the amount for that past taxe year - can you confirm more about this step. Thank you for video very clear just need more understanding on that part
The problem with IRS Direct Pay is that the payment goes into status Originated and sits in that status for weeks (2 weeks in our case), though money was withdrawn from your account same day you made a payment. During all that time IRS doesn't see that money, so they'll send you a letter that you owe them. Maybe it happens only if you file electronically, request payment via check (by mistake) and then do that Direct Pay.
Thank you trying to communicate productively and proficiently. Its knot taxes we are paying. It is the IRS for organizing economic coordination of our united states government. We all shuffled. Let regather to make it right for us. Thank you from before times too.🧡
I’m here because I’m self employed / Independent Contractor … I need to know HOW to know what I need to pay (calculate) to IRS… fed & state … it seems so complex.
[3:38pm PST] @SaintOres.com Hello Kate, Your question is the video I'm working on now. But I won't have it done for about two weeks, so that won't help you now. Yes, and it's not something that was taught in school. There are all kinds of taxes other than income tax (April 14th), that you'll have to deal with now that you are self-employed. My suggestion would be to get a good team together. A tax person, an insurance person, maybe an attorney down the road to bounce your ideas off of. Your local county and/or state office should also have a ton of info for 'getting started' and 'what to do' to stay legal. Good luck.
Thanks, katie. I paid my tax due amount by using your method of eftps, hope am at the right track,just little bit worried about if there are scams using the same Eftps,appreciated
[10:43am PST] @SaintOres.com Hey Maslah, Using the Electronic Federal Tax Payment System to pay your taxes is a very secure method. However, the IRS never uses email or text messages to request more information from taxpayers. You should always make sure you are using the correct website and watch out for any potential fishing scams.
Hi Katie, I like your presentation. Please, I'd highly appreciate it if you make another video on how to pay our tax to the IRS /Direct Pay for the year 2020 because I didn't see the option (tax return) in the reason sector. Thanks a lot in advance.
Hello Maan, Thanks for the nice comment. Also, at 3:56 of the video, you can choose 1040 and then the tax year (2020) you want to pay. I do plan to update the video if they change the government page. Thanks again.
@@Maantaj61 [4:43 PM PST] @TaxesbyKatie.com Hello Maan, You choose " Form 1040 Series", Tax form option -"Current Tax year 2020" - if you are paying for this year.
@@Maantaj61 Hello Maan, If you are paying your entire amount on your tax return, you would choose balance due. APPY Payment To: Income Tax 1040.... Then pick a year
[10:03am PST] @SaintOres.com Hello Jul, Sure you can, here you go.... Go to the IRS Direct Pay website: Visit the IRS Direct Pay website at www.irs.gov/payments/direct-pay to make your payment. Select the payment type: Choose "Estimated Tax" as the payment type from the options provided. Provide your personal information: Enter your personal information, including your name, address, and social security number. Enter payment information: Enter the payment amount and select the tax year for which you are making the payment. Choose a payment method. Verify your information: Review your payment information to ensure that it is accurate. Submit your payment. After you have submitted your payment, you will receive a confirmation number and a confirmation email from the IRS. Keep these records for your own reference and for tax-filing purposes. It's important to note that while Direct Pay is a secure and convenient payment method, it may not be available for all types of tax payments, and some payment methods may incur additional fees.
Hi Katie, this is super helpful, thank you! Quick question. I’m getting ready to mail my check to the IRS, and the mail in instructions are slightly different this year. It says “Enter your daytime phone number and your SSN on your check or money order. If you are filing a joint return, enter the SSN shown first on your return as well as “2022 Form 1040.” Since I am not filing jointly, am I only putting my # and SSN in the memo? Or do I have to put the form name on there as well?
I paid them off, now what? they are still taking out monthly from my checking acct. I call, get transferred to acct balance dept only to get disconnect in about 45 mins, i did this exercise 3 times before I gave up for the day.?????
The IRS site wont load the payment plan section. Can I do direct payments by card on the site say in 4 payments, without setting up a payment plan for individual 1040?
[9:52am PST] @TaxesbyKatie.com Hey Dubsrevo, You should request a payment plan with IRS if for some reason you can't pay your taxes on time. If you owe less than $10,000 to the IRS, your installment plan is usually automatically approved. Just making 4 separate payments without an installment plan in place is not a good idea.
@@KatieStOresCFPChFCEA I've been trying to set up a payment plan for 4 days now and the irs site keeps saying the system has an error. Calling them results in too much traffic and automatic hangup. Very strange.
@@dubsrevo [1:33pm PST] @TaxesbyKatie.com If you can wait until after tax season, the 17th--4 days, it might be easy to get a person on the phone. I think they are swamped now.
How about cp14 to pay it online what do I choose for reason for payment and apply payment to, as the form is not listed specifically, greatly appreciate a response, thanks for your great video.
[10:53am PST] @SaintOres.com Hey Leticia, A P14 Notice from the IRS usually means that you owe the IRS money for unpaid taxes for a specific tax year. Say it was for the 2019 tax year and it is a personal 1040 return, then you select "Balance Due", apply payment to " Income Tax -1040" and select the appropriate tax year.
[1:43pm PST] @SaintOres.com Hey Devil, You have to prepare your income tax return and the amount will be on your payment voucher. You can also find it on Line 37 on your 1040 Form.
Has anyone used hrblock to pay the federal owed amount? I've never owed money after doing my w2 on hrblock but this year I have to owe. Any advice would help. Thanks.
[10:53am PST] @SaintOres.com Hey Harsimran, Notice CP14 is the first letter you'll receive from the IRS when you have a balance due for unpaid taxes. Your CP14 should have information about your unpaid taxes, including tax year and the amount of taxes, penalties, and interest you owe. First, select the reason for payment "Balance Due", then "Apply Payment To" select 1040 (if it is payment for the personal tax return), and lastly pick the applicable tax year.
[9:52am PST] @SaintOres.com Hey Lightsy, To make a payment of $1 million to $9,999,999, you have to go through ACI Payments. Their number is 1-888-889-7228. Above $10 million is another company to call.
[10:54am PST] @SaintOres.com Hello Narendra, The best option in your case is to pay back the IRS with a money order. It is secure and you will avoid possible confusion.
Hello. I had a question regarding 2020 tax return. I just filed the 1040NR yesterday using SprintTax and I went to online link provided at the end of the tax return to pay using direct pay but I was confused about what option to choose when I owe money to IRS. I select balance due and went ahead and put all the information but it says that information does not match even when I put the right information. Could you please help me with what i am doing wrong?
Hello Prayash, Make sure that you type your address, name EXACTLY as it appears on your tax return. Try calling the toll-free number 800-829-1040 and see if they can help you.
Hello Katie, If my due date is tomorrow, if I am paying DirectPay today, Is it considered late payment. I am debating between sending check via overnight or Direct pay
Hey Ramachandran, with DirectPay, the payment takes up to two business days to process, and payments submitted after 8 p.m. eastern will begin processing the next business day.
@@KatieStOresCFPChFCEA I paid my estimated tax online direct pay. When I look up payment using Lookup tool. It says your payment is processed. Will that avoid any penalty. Or it should be reflected on my bank account to complete the process.
I think it may be best to call the IRS Tax line and let them know your situation. They are very helpful there, especially with people that are doing their best to pay their taxes. They can make a note in your file. (800) 829-1040
Hi Katie. The IRS still has not deducted funds since I filed my taxes in April. It was done with a tax professional for electronic funds withdrawal. Can i still go ahead and make the payment online now because they have not deducted anything.
[10:34am PST] @SaintOres.com Hello Angelene, As you said, the payment was made with a tax professional for electronic funds withdrawal. Please check with your tax accountant. That's why you pay them. Have them double check the bank info, the routing number or account number may be incorrect. That's the most common reason. Good luck.
@@KatieStOresCFPChFCEA thank you. I checked with my tax pro and the IRS needed 1 other piece of information. That was provided and the matter was resolved within 1 day. Thank you so much.
Hello I want to ask you I am from Algeria and I am currently working with Amazon on the merch by amazon program, which is to design and sell shirts The question is how do I pay taxes and how much does it cost for a person, and is it related to how much I earn?
[10:43am PST] @SaintOres.com Hello Merch, I don't have enough details to give you specifics. In general, you will be subject to tax if you have business activities in the US. Yes, your income taxes are based on the gross profit that your business earns after subtracting operating expenses from gross revenue.
Hi kate. Q I made 2 payment on a payment plan as advise but irs sent me a letter saying I owe more then the payment agreed on. $3000 . Why? I’m on a 4 payment plan of 4000 $$$. I have not been late.
Hello Camping, I'm not going to be able to help you on that one. You have to contact the IRS and clarify that issue with them directly. They are usually very helpful. Especially when people are trying to pay them. Here's the number 800-829-1040
Hello good morning how are you doing I'm having a problem my problem is I can't get a PIN number from the IRS because I had identity theft and for the past few years I have always tried to get this pin number from them but it's been so hard I want to know how could I get my PIN number from the IRS to file my taxes I have other taxes that I have not filed due to the situation can you please help me or tell me something that might help me thank you very much you enjoy your day
[11:11am PST] @SaintOres.com Hello Narendra, Yes, you should be able to, because you can use your EIP Card with PayPal, Venmo, and most of the other payment apps.
[9:52am PST] @SaintOres.com Hey Latrice, Payments through Direct Pay may take up to two business days to actually process. Sometimes it might be another 2 weeks to be reflected on your tax record, it varies a lot.
[9:43am PST] @SaintOres.com Hello Amitava, I don't see why being in India would make any difference. Let me know if this doesn't work. Here you go... PTIN (Preparer Tax Identification Number) fees can be paid online by following these steps: Go to the official IRS website (www.irs.gov) and click on "Tax Pros" from the top menu. Under the "Tax Pros" section, click on "Apply for PTIN." On the "Apply for or Renew Your PTIN" page, click on the "Create Account" button. Fill in the required details to create an account. Once you have created an account, log in to your account and click on the "Renew or Register PTIN" button. Follow the prompts to complete your PTIN renewal application. When you reach the payment screen, select the payment method as "Credit Card." Fill in the required details for the credit card payment. Submit your payment. Please note that you will need a valid credit card to make the online payment for PTIN fees. Additionally, you may also need to verify your identity using additional security measures, such as answering security questions or providing a photo ID. Good luck...
Thank you very much for the video. I am thinking of mailing in my federal tax return but using direct pay to pay for taxes owed. Will there be any issue if IRS receives my federal tax return by mail but does not see a check for taxes owed?
Do I write form 1040 on the check? And can I write 2020 form 1040 on top of my social security number or does it have to be written like the check in this video?
Same question! Also, the instructions I got from my accountant said to also include my phone number and address. I'm wondering where to include that if there's very little room left after writing the SSN and "2020 form 1040"
@@xochitlarte3948 yeah I have to include my SSN and "2020 form 1040" on my check, but I'm not sure where else on my check i can include my phone number? would it be next to the SSN?
@@Sandy-mh4to I don't think you need to put your phone #. I'm not sure why you were told to put your phone number. I asked the the lady from this video and she told me just to put 2020 form 1040 and SSN on the memo.
Great Presentation; However, never turn your back to the audience who’s receiving, and/or viewing visual/video correspondence. I understand that you must highlight certain info and data, but try to use the concept of sideways briefing-sort of like the weather meterology person who turns their body slanted, but NEVER turns their back to the viewing audience. Again, great presentation and info.
[10:23am PST] @SaintOres.com Hello Dad of Nyla, Thanks for the input. It's funny you mentioned not facing the camera. The reason is that I don't feel comfortable in front of the cameras and staring into the lens makes it even worse. I tried only facing the camera but it makes for a lot editing. I'm hoping as I do more videos, I will get used to it. Maybe I should have taken a public speaking course in school along with all those finance courses. But, I do appreciate the critique.
@@KatieStOresCFPChFCEA I took a public speaking course and the advice professor gave me was to video record myself saying a speech in front of a make believe audience. In your case, make believe you are speaking to us on UA-cam. Keeping practicing over and over again before going on live.
[10:43am PST] @SaintOres.com Hey Jan, Call the IRS at 1-800-829-1040 during their work hours. Make sure you have your payment supporting document ready when you call them.
@@KatieStOresCFPChFCEA Hi .! thank you for your comment.. i keep calling them but nobody picks up. what i did is i paid them again .. can i get a my moneyback?
Hey Jan, As a general rule for a taxpayer who overpaid, the IRS will either refund the overpayment or apply it to other outstanding taxes or other federal or state debts owed. You have to figure out what is going on with your payment, and you can do so only by speaking to a live person. You can also try calling the following numbers 800-829-0922; 800-829-7650; 800-829-3903. Make sure you call Monday through Friday, 7 a.m. to 7 p.m. (local time).
Hey Rovi, Yes, that is the best you can do. Give them a call and try to fix it. You might have a little better time getting through to someone since the tax season is over. They are usually very understanding. Good luck!
Hello, for the Direct Pay method, do you know how long it takes for your tax history to be available online after your accountant submits your e-filed taxes online for you? I know this method requires you to verify your identity with the previous tax year. Thanks!
@@KatieStOresCFPChFCEA Thank you for responding! And for check payments, do we also need to include our address and phone number on the same area as the SSN? I read on the IRS site that they also ask for this information. Thank you
Hello Frankie, When paying your taxes by mail, it's important to write the correct information on the envelope to ensure that your payment is processed correctly. Here's what you should write on the envelope: ...Your return address: Write your name and address in the upper left-hand corner of the envelope. ...The IRS address: Write the address for the appropriate IRS Service Center for your state. You can find this address on the IRS website or in the instructions for your tax form. ...Payment type: If you're sending a check or money order, write "Payment enclosed" or something similar on the envelope. This will ensure that the IRS knows that you're sending a payment with your return. ...Tax year: Write the tax year that you're filing for on the envelope. For example, if you're filing your 2022 tax return, write "2022" on the envelope. ...Other identifying information: If you have an IRS payment voucher, write the tax form number (such as Form 1040), tax period (such as "2022"), and your Social Security number or other identification number on the voucher and include it with your payment. NOTE***Make sure to double-check all of the information on the envelope before mailing it to the IRS. You may also want to use certified mail or a delivery service that offers tracking to ensure that your payment is received by the IRS.
Hello Christian, it depends. If you have a payment plan, an agreement with the IRS to pay the taxes you owe based on monthly schedule, then choose "Installment Agreement". If you received a CP14 Notice for not payment of 2019 taxes then pick "Tax Return or Notice".
Hello there. I pay my 1040 tax today and realize the amount was incorrect. I owe less than what i submitted. How can I cancel a direct payment online? Will the irs do a refund back they owe me? Need help.
What can I do if I send a money order months ago and like a year later I got a balance due like my payment never was received or maybe lost I don’t want to pay twice. I have no receipt and no way to prove that I pay it 😢
Hey Blo, Unfortunately, you are responsible for providing the proof that you have made the payment. You can check the status of a money order you've purchased from the U.S. Postal Service, but you have to have the Serial number for the money order. Good luck and I hope they find it.
[9:12am PST] @TaxesbyKatie.com Hey Aram, You'll get an email notification that will contain the confirmation number you also receive at the end of a payment transaction. Keep this number somewhere safe.
I used my po ox address but I’m not sure I wrote the address correctly 😥 but everything else is correct so will they still accept it? This was my first time sending a check
Hey Dragon, You should be fine as long as you had your SS# and what you are paying (ex. 2019 1040). My checks don't have any address on them and I've never had a problem.
Make sure your check or money order includes the following information: ◦ Your name and address ◦ Daytime phone number ◦ Social Security number (the SSN shown first if it's a joint return) or employer identification number ◦ Tax year ◦ Related tax form or notice number
[4:25pm PST] @SaintOres.com Hey Mary, Hard to tell without more info... But usually you will receive a letter stating the reason for a returned payment. It is possible that you mailed it to the wrong address or it was missing some required information, and they could process the payment without it.
Hello Dushime, Filing state income taxes requires a separate return. If your state requires that you file state income taxes, you'll have to do it separately from your federal income tax return. That's because the federal government and your state's government are separate and you file and pay income taxes to each separately.
[4:28 PM PST] @TaxesbyKatie.com Hello Louis, $10,000-$40,000 is quite a range. Let's say you make $40,000, minus the standard deduction of $12,400 (if you are Single), your taxable income would be $27,600, Estimated tax liability $3,114. Plus the state tax, which varies.
Hello LOL, according to the IRS website, they say that paying online is safe and secure. Any who among us doesn't agree with the Internal Revenue Service??? Seriously, I personally think it is safer to pay online. It's easier to track your payment. I get quite a few messages from people who sent in a check or money order and then have problems. Very few if any problems from people that pay online. But that's just my two cents worth.
@@KatieStOresCFPChFCEA I watched a different video they said it's safer by mail because someone can hack you and steal your social security number. And by mail no one can hack you. Also, how do you know how much you owe? It says the amount you'll pay, where do we find out how much we need to pay?
Yes, I can understand the hacking worry. I'm just relaying to you the comments I get from the video. As for how much you owe.... Depending on what kind of tax you are paying, the amount should be found in your payment voucher, client letter, instructions, etc.
Just thought of you. I'm filing a tax form for a client in California, (I'm in Oregon) and California requires the payment to be done online with debit card.
Great Presentation and yes you want to avoid late fees, especially with the IRS
[09:32am PST] @TaxesbyKatie.com
Exactly! Thanks Bingo.
Great video as always Katie! One thing you may want to revise or edit is, the drop down menu when selecting to pay online (direct pay) @ 3:50 mark on your video, the menu is now different. Cheers!
Thanks for the update B. I'll tweak up the older videos after tax season ends. If it ever ends...
Hi! What is the option you need to choose to pay your 1040 taxes for 2021?
Katie St Ores CFP, ChFC, EA Hi Katie, can you let me know what the option is for paying my taxes for 2021 direct pay - also when you get to the third tab of the process it has you choose a past tax year for verification- and it had me under the impression that I was paying the amount for that past taxe year - can you confirm more about this step. Thank you for video very clear just need more understanding on that part
Does someone has an answer? Thanks
Thank you so much Beautiful Katie. God bless you Sister.
Thanks Isabella... You are so welcome
The problem with IRS Direct Pay is that the payment goes into status Originated and sits in that status for weeks (2 weeks in our case), though money was withdrawn from your account same day you made a payment. During all that time IRS doesn't see that money, so they'll send you a letter that you owe them. Maybe it happens only if you file electronically, request payment via check (by mistake) and then do that Direct Pay.
Thank you trying to communicate productively and proficiently.
Its knot taxes we are paying. It is the IRS for organizing economic coordination of our united states government.
We all shuffled.
Let regather to make it right for us.
Thank you from before times too.🧡
[12:51pm PST] @SaintOres.com
Thanks Jonathan, I'm just trying to make these government forms and procedures as uncomplicated as possible.
Wow. Your a true angel. Pardon how you make me emotional too.
God bless you child🧄
Do you know of other women like your ways of government security?
So special🍀
I’m here because I’m self employed / Independent Contractor … I need to know HOW to know what I need to pay (calculate) to IRS… fed & state … it seems so complex.
[3:38pm PST] @SaintOres.com
Hello Kate, Your question is the video I'm working on now. But I won't have it done for about two weeks, so that won't help you now. Yes, and it's not something that was taught in school. There are all kinds of taxes other than income tax (April 14th), that you'll have to deal with now that you are self-employed. My suggestion would be to get a good team together. A tax person, an insurance person, maybe an attorney down the road to bounce your ideas off of. Your local county and/or state office should also have a ton of info for 'getting started' and 'what to do' to stay legal. Good luck.
I don't see the tax return option on the drop down menu
Thanks, katie. I paid my tax due amount by using your method of eftps, hope am at the right track,just little bit worried about if there are scams using the same Eftps,appreciated
[10:43am PST] @SaintOres.com
Hey Maslah, Using the Electronic Federal Tax Payment System to pay your taxes is a very secure method. However, the IRS never uses email or text messages to request more information from taxpayers. You should always make sure you are using the correct website and watch out for any potential fishing scams.
I like the direct pay option thank you for this I finally taken care this debt 💪🏾
Thanks Manny. I agree, it always feels good to pay off the IRS.
How can I make sure I’m paying for the right thing? It’s asking about a 1040 series.. is that what i choose
Hello Maria, yes. You choose 1040 from drop down menu and specify the tax period for payment - 2019.
@@KatieStOresCFPChFCEA doesn’t work still for me
@@americannation7665 like what
thanks, love your videos
[9:52am PST] @TaxesbyKatie.com
Thanks Lonnie, Glad you like them!
Hi Katie, I like your presentation. Please, I'd highly appreciate it if you make another video on how to pay our tax to the IRS /Direct Pay for the year 2020 because I didn't see the option (tax return) in the reason sector. Thanks a lot in advance.
Hello Maan, Thanks for the nice comment. Also, at 3:56 of the video, you can choose 1040 and then the tax year (2020) you want to pay. I do plan to update the video if they change the government page. Thanks again.
@@KatieStOresCFPChFCEA Thanks a lot for your quick response, it was so nice of you. Please, what do I have to choose for the reason?
@@Maantaj61 [4:43 PM PST] @TaxesbyKatie.com
Hello Maan, You choose " Form 1040 Series", Tax form option -"Current Tax year 2020" - if you are paying for this year.
@@KatieStOresCFPChFCEA Thanks again Katie, how about (Reason for Payment) please? Thanks a lot for your patience and understanding,
@@Maantaj61 Hello Maan, If you are paying your entire amount on your tax return, you would choose balance due. APPY Payment To: Income Tax 1040.... Then pick a year
Great presentation ..this is such a great help for me…
[1:26pm PST] @TaxesbyKatie.com
Hello God's Child, Thanks, glad it was helpful!
Good Information very informative....Thank you!
[9:42am PST] @TaxesbyKatie.com
Thanks Lisa, Glad it was helpful!
Thank you for the video, I made the the tax extension, but I have to pay an estimated tax could I pay online? Or only by mail? Thank you!
[10:03am PST] @SaintOres.com
Hello Jul, Sure you can, here you go....
Go to the IRS Direct Pay website: Visit the IRS Direct Pay website at www.irs.gov/payments/direct-pay to make your payment.
Select the payment type: Choose "Estimated Tax" as the payment type from the options provided.
Provide your personal information: Enter your personal information, including your name, address, and social security number.
Enter payment information: Enter the payment amount and select the tax year for which you are making the payment.
Choose a payment method.
Verify your information: Review your payment information to ensure that it is accurate.
Submit your payment.
After you have submitted your payment, you will receive a confirmation number and a confirmation email from the IRS. Keep these records for your own reference and for tax-filing purposes. It's important to note that while Direct Pay is a secure and convenient payment method, it may not be available for all types of tax payments, and some payment methods may incur additional fees.
Hi Katie, this is super helpful, thank you! Quick question. I’m getting ready to mail my check to the IRS, and the mail in instructions are slightly different this year. It says “Enter your daytime phone number and your SSN on your check or money order. If you are filing a joint return, enter the SSN shown first on your return as well as “2022 Form 1040.” Since I am not filing jointly, am I only putting my # and SSN in the memo? Or do I have to put the form name on there as well?
[3:23pm PST] @SaintOres.com
Hello Sarah, You should put your SSN and tax year and write 1040; this will be more than sufficient.
@@KatieStOresCFPChFCEA Thank you so much!
[10:28am PST] @SaintOres.com
You're welcome....
It was very helpful, thank you for the video and detailed instructions!
[10:29am PST] @TaxesbyKatie.com
Thanks Mariann, Glad it was helpful!
If you work for the government not if you are a self employed worker
Thank you for the information
[2:57pm PST] @SaintOres.com
Thanks Calvin, You're welcome.
I paid them off, now what? they are still taking out monthly from my checking acct. I call, get transferred to acct balance dept only to get disconnect in about 45 mins, i did this exercise 3 times before I gave up for the day.?????
Can i pay irs with múltiple money orders
[9:55 AM PST] @SaintOres.com
Hello Marlo, Yes, that is an option since money orders are typically only valid for amounts of $1,000 or less.
Very helpful information
[1:06pm PST] @TaxesbyKatie.com
Thanks Priscilla, Glad it was helpful!
The IRS site wont load the payment plan section. Can I do direct payments by card on the site say in 4 payments, without setting up a payment plan for individual 1040?
[9:52am PST] @TaxesbyKatie.com
Hey Dubsrevo, You should request a payment plan with IRS if for some reason you can't pay your taxes on time. If you owe less than $10,000 to the IRS, your installment plan is usually automatically approved. Just making 4 separate payments without an installment plan in place is not a good idea.
@@KatieStOresCFPChFCEA I've been trying to set up a payment plan for 4 days now and the irs site keeps saying the system has an error. Calling them results in too much traffic and automatic hangup. Very strange.
@@dubsrevo [1:33pm PST] @TaxesbyKatie.com
If you can wait until after tax season, the 17th--4 days, it might be easy to get a person on the phone. I think they are swamped now.
How about cp14 to pay it online what do I choose for reason for payment and apply payment to, as the form is not listed specifically, greatly appreciate a response, thanks for your great video.
[10:53am PST] @SaintOres.com
Hey Leticia, A P14 Notice from the IRS usually means that you owe the IRS money for unpaid taxes for a specific tax year. Say it was for the 2019 tax year and it is a personal 1040 return, then you select "Balance Due", apply payment to " Income Tax -1040" and select the appropriate tax year.
Beautiful video
[9:52am PST] @TaxesbyKatie.com
Thanks Vinny, I think that's my first "Beautiful video" comment....
Thank you 🙏
Thanks Mital
Can we decide how much money we want to pay or irs will calculate it by our income ?
[1:43pm PST] @SaintOres.com
Hey Devil, You have to prepare your income tax return and the amount will be on your payment voucher. You can also find it on Line 37 on your 1040 Form.
Thank you so much for all these informations!
[9:52am PST] @SaintOres.com
Thanks JKA... Glad it was helpful!
@@KatieStOresCFPChFCEA also we've done all the stuff for mailing the payment. After all of that do we just drop to the nearest mailbox?
Has anyone used hrblock to pay the federal owed amount? I've never owed money after doing my w2 on hrblock but this year I have to owe. Any advice would help. Thanks.
Thank u
God bless ur life
Thank you!
[10:11am PST] @SaintOres.com
Thanks Jon, You're welcome!
what should I select the "reason for the payment" for CP14?
[10:53am PST] @SaintOres.com
Hey Harsimran, Notice CP14 is the first letter you'll receive from the IRS when you have a balance due for unpaid taxes. Your CP14 should have information about your unpaid taxes, including tax year and the amount of taxes, penalties, and interest you owe. First, select the reason for payment "Balance Due", then "Apply Payment To" select 1040 (if it is payment for the personal tax return), and lastly pick the applicable tax year.
What if there’s no Tax Return or Notice option in Reason for Payment, do I put Balance Due?
[12:51pm PST] @SaintOres.com
Hey Yessica, Yes, pick Balance due, then 1040 and the appropriate tax year.
The best video thanks
[09:18am PST] @TaxesbyKatie.com
Thanks JM, Glad you liked it!
I owe $2 million to the IRS, how do I pay that amount if their max size online payment plan is 50k?
[9:52am PST] @SaintOres.com
Hey Lightsy, To make a payment of $1 million to $9,999,999, you have to go through ACI Payments. Their number is 1-888-889-7228. Above $10 million is another company to call.
Will they show the balance that you owe?
[10:54am PST] @SaintOres.com
Hey Kiara, No, it will not show the balance.
Can you pay for State taxes this way?
Yes, but it will be a separate website specific for your state.
I'm returning the eip payment that I got accidentally as I'm a nonresident. can I pay irs with my friends check cause i don't have a check book?
[10:54am PST] @SaintOres.com
Hello Narendra, The best option in your case is to pay back the IRS with a money order. It is secure and you will avoid possible confusion.
Hello. I had a question regarding 2020 tax return. I just filed the 1040NR yesterday using SprintTax and I went to online link provided at the end of the tax return to pay using direct pay but I was confused about what option to choose when I owe money to IRS. I select balance due and went ahead and put all the information but it says that information does not match even when I put the right information. Could you please help me with what i am doing wrong?
Hello Prayash, Make sure that you type your address, name EXACTLY as it appears on your tax return. Try calling the toll-free number 800-829-1040 and see if they can help you.
what if my money order doesn't have a "memo" section. do i just write my ssn and phone number anywhere on the money order?
[10:17am PST] @TaxesbyKatie.com
Hello Reyshawn, Yes, you can write your information anywhere on the money order that you can find space.
Hello Katie, If my due date is tomorrow, if I am paying DirectPay today, Is it considered late payment. I am debating between sending check via overnight or Direct pay
Hey Ramachandran, with DirectPay, the payment takes up to two business days to process, and payments submitted after 8 p.m. eastern will begin processing the next business day.
@@KatieStOresCFPChFCEA I paid my estimated tax online direct pay. When I look up payment using Lookup tool. It says your payment is processed. Will that avoid any penalty. Or it should be reflected on my bank account to complete the process.
I think it may be best to call the IRS Tax line and let them know your situation. They are very helpful there, especially with people that are doing their best to pay their taxes. They can make a note in your file. (800) 829-1040
Hi Katie. The IRS still has not deducted funds since I filed my taxes in April. It was done with a tax professional for electronic funds withdrawal. Can i still go ahead and make the payment online now because they have not deducted anything.
[10:34am PST] @SaintOres.com
Hello Angelene, As you said, the payment was made with a tax professional for electronic funds withdrawal. Please check with your tax accountant. That's why you pay them. Have them double check the bank info, the routing number or account number may be incorrect. That's the most common reason. Good luck.
@@KatieStOresCFPChFCEA thank you. I checked with my tax pro and the IRS needed 1 other piece of information. That was provided and the matter was resolved within 1 day. Thank you so much.
@@Anjilenie [3:03pm PST] @SaintOres.com
Great.... I love stories with happy endings. I'm glad you got it resolved.
Hello
I want to ask you
I am from Algeria and I am currently working with Amazon on the merch by amazon program, which is to design and sell shirts
The question is how do I pay taxes and how much does it cost for a person, and is it related to how much I earn?
[10:43am PST] @SaintOres.com
Hello Merch, I don't have enough details to give you specifics. In general, you will be subject to tax if you have business activities in the US. Yes, your income taxes are based on the gross profit that your business earns after subtracting operating expenses from gross revenue.
Greatly appreciated ! thanks
You're welcome!
Hi kate. Q I made 2 payment on a payment plan as advise but irs sent me a letter saying I owe more then the payment agreed on. $3000 . Why? I’m on a 4 payment plan of 4000 $$$. I have not been late.
Hello Camping, I'm not going to be able to help you on that one. You have to contact the IRS and clarify that issue with them directly. They are usually very helpful. Especially when people are trying to pay them. Here's the number 800-829-1040
Hello good morning how are you doing I'm having a problem my problem is I can't get a PIN number from the IRS because I had identity theft and for the past few years I have always tried to get this pin number from them but it's been so hard I want to know how could I get my PIN number from the IRS to file my taxes I have other taxes that I have not filed due to the situation can you please help me or tell me something that might help me thank you very much you enjoy your day
can i send EIP money through online?
[11:11am PST] @SaintOres.com
Hello Narendra, Yes, you should be able to, because you can use your EIP Card with PayPal, Venmo, and most of the other payment apps.
I did direct pay, received my confirmation. How long does it take them to remove my balance? It was on 29.14
[9:52am PST] @SaintOres.com
Hey Latrice, Payments through Direct Pay may take up to two business days to actually process. Sometimes it might be another 2 weeks to be reflected on your tax record, it varies a lot.
Thank u miss
Awsome
Katie mam, how to pay ptin fees online from india?
[9:43am PST] @SaintOres.com
Hello Amitava, I don't see why being in India would make any difference. Let me know if this doesn't work. Here you go...
PTIN (Preparer Tax Identification Number) fees can be paid online by following these steps:
Go to the official IRS website (www.irs.gov) and click on "Tax Pros" from the top menu.
Under the "Tax Pros" section, click on "Apply for PTIN."
On the "Apply for or Renew Your PTIN" page, click on the "Create Account" button.
Fill in the required details to create an account.
Once you have created an account, log in to your account and click on the "Renew or Register PTIN" button.
Follow the prompts to complete your PTIN renewal application.
When you reach the payment screen, select the payment method as "Credit Card."
Fill in the required details for the credit card payment.
Submit your payment.
Please note that you will need a valid credit card to make the online payment for PTIN fees. Additionally, you may also need to verify your identity using additional security measures, such as answering security questions or providing a photo ID.
Good luck...
@@KatieStOresCFPChFCEA Thanks
[3:35 PM PST] @saintores.com
You're welcome....
Thank you very much for the video. I am thinking of mailing in my federal tax return but using direct pay to pay for taxes owed. Will there be any issue if IRS receives my federal tax return by mail but does not see a check for taxes owed?
[4:11 PM PST] @TaxesbyKatie.com
Hey ASIF, Yes, you can mail your tax return and pay the taxes owed with a credit card.
@@KatieStOresCFPChFCEA Thank you. Can I also use directpay to pay taxes owed from my checking account?
@@asif105878 [10:15 AM PST] @TaxesbyKatie.com
Hey Asif, Yes, Direct Pay payments are made through an ACH debit from your bank account.
what is the highest amount i can send in a money order???
Hey Ingrid, The IRS won't accept money orders of over $100 million. So keep it under $100,000,000.
Do I write form 1040 on the check? And can I write 2020 form 1040 on top of my social security number or does it have to be written like the check in this video?
Same question! Also, the instructions I got from my accountant said to also include my phone number and address. I'm wondering where to include that if there's very little room left after writing the SSN and "2020 form 1040"
@@Sandy-mh4to on the payment voucher says to write SSN but I seen other examples with the type of form tax in the memo section, with the SSN on top.
@@xochitlarte3948 yeah I have to include my SSN and "2020 form 1040" on my check, but I'm not sure where else on my check i can include my phone number? would it be next to the SSN?
@@Sandy-mh4to I don't think you need to put your phone #. I'm not sure why you were told to put your phone number. I asked the the lady from this video and she told me just to put 2020 form 1040 and SSN on the memo.
Well damn this all the info I need
Great Presentation; However, never turn your back to the audience who’s receiving, and/or viewing visual/video correspondence. I understand that you must highlight certain info and data, but try to use the concept of sideways briefing-sort of like the weather meterology person who turns their body slanted, but NEVER turns their back to the viewing audience.
Again, great presentation and info.
[10:23am PST] @SaintOres.com
Hello Dad of Nyla, Thanks for the input. It's funny you mentioned not facing the camera. The reason is that I don't feel comfortable in front of the cameras and staring into the lens makes it even worse. I tried only facing the camera but it makes for a lot editing. I'm hoping as I do more videos, I will get used to it. Maybe I should have taken a public speaking course in school along with all those finance courses. But, I do appreciate the critique.
@@KatieStOresCFPChFCEA I took a public speaking course and the advice professor gave me was to video record myself saying a speech in front of a make believe audience. In your case, make believe you are speaking to us on UA-cam. Keeping practicing over and over again before going on live.
@@KatieStOresCFPChFCEA one more thing, After you record yourself, watch it after and observe your performance.
i paid my tax onile and the irs keeps sending me notices that says i havent paid my tax and had interest too. what should i do?
[10:43am PST] @SaintOres.com
Hey Jan, Call the IRS at 1-800-829-1040 during their work hours. Make sure you have your payment supporting document ready when you call them.
@@KatieStOresCFPChFCEA Hi .! thank you for your comment.. i keep calling them but nobody picks up. what i did is i paid them again .. can i get a my moneyback?
Hey Jan, As a general rule for a taxpayer who overpaid, the IRS will either refund the overpayment or apply it to other outstanding taxes or other federal or state debts owed.
You have to figure out what is going on with your payment, and you can do so only by speaking to a live person. You can also try calling the following numbers 800-829-0922; 800-829-7650; 800-829-3903. Make sure you call Monday through Friday, 7 a.m. to 7 p.m. (local time).
Can we pay federal and state taxes on the direct pay method?
[3:35pm PST] @TaxesbyKatie.com
Hey Rovi, DirectPay is for paying your federal taxes. For your specific state, you should have a similar site.
@@KatieStOresCFPChFCEA shoot!!!! I send both payments there omg… Any suggestions at this point or just call them and explain the situation 😩
Hey Rovi, Yes, that is the best you can do. Give them a call and try to fix it. You might have a little better time getting through to someone since the tax season is over. They are usually very understanding. Good luck!
Thank you very much for your help!
I made a payment last Thursday but when I checked my bank account 5 days later it says hold on the payment, why is it taking so long ?
Hello, for the Direct Pay method, do you know how long it takes for your tax history to be available online after your accountant submits your e-filed taxes online for you? I know this method requires you to verify your identity with the previous tax year. Thanks!
Hey Sandy, I know that it takes up to two business days to process the payment. I don't know how long it takes to update your tax history.
@@KatieStOresCFPChFCEA Thank you for responding! And for check payments, do we also need to include our address and phone number on the same area as the SSN? I read on the IRS site that they also ask for this information. Thank you
If you are paying by check with no voucher, the IRS will need your SS# and what tax liability you are paying. Ex. 2019 1040
Where do you right your SSN, phone number and address. What if your check has the address already on it like mine do??
Hey Dominic, As long as you have your SSN and someway for them to contact you if needed, you should be fine.
For mailing what do I write on the envelope?
Hello Frankie, When paying your taxes by mail, it's important to write the correct information on the envelope to ensure that your payment is processed correctly. Here's what you should write on the envelope:
...Your return address: Write your name and address in the upper left-hand corner of the envelope.
...The IRS address: Write the address for the appropriate IRS Service Center for your state. You can find this address on the IRS website or in the instructions for your tax form.
...Payment type: If you're sending a check or money order, write "Payment enclosed" or something similar on the envelope. This will ensure that the IRS knows that you're sending a payment with your return.
...Tax year: Write the tax year that you're filing for on the envelope. For example, if you're filing your 2022 tax return, write "2022" on the envelope.
...Other identifying information: If you have an IRS payment voucher, write the tax form number (such as Form 1040), tax period (such as "2022"), and your Social Security number or other identification number on the voucher and include it with your payment.
NOTE***Make sure to double-check all of the information on the envelope before mailing it to the IRS. You may also want to use certified mail or a delivery service that offers tracking to ensure that your payment is received by the IRS.
I have to Filing for federal and state is it the same steps but done separate time?
You have to make the federal and the state payments separately.
thanks, one question pls, if I want to make payments for 2019 now, can I just make montly payments online and select "tax return or notice" ?
Hello Christian, it depends. If you have a payment plan, an agreement with the IRS to pay the taxes you owe based on monthly schedule, then choose "Installment Agreement". If you received a CP14 Notice for not payment of 2019 taxes then pick "Tax Return or Notice".
@@KatieStOresCFPChFCEA thank you. I appreciate you taking the time to answer me. Have a good day.
@@scartoazul You're welcome.
How about in 2022?
Hello there. I pay my 1040 tax today and realize the amount was incorrect. I owe less than what i submitted. How can I cancel a direct payment online? Will the irs do a refund back they owe me? Need help.
What can I do if I send a money order months ago and like a year later I got a balance due like my payment never was received or maybe lost I don’t want to pay twice. I have no receipt and no way to prove that I pay it 😢
Hey Blo, Unfortunately, you are responsible for providing the proof that you have made the payment. You can check the status of a money order you've purchased from the U.S. Postal Service, but you have to have the Serial number for the money order. Good luck and I hope they find it.
Hello everyone after paying my 1040 will I get my initial tax return refund after paying the penalty
How do you find out online that the I.R.S has received your payment thru direct pay?
[9:12am PST] @TaxesbyKatie.com
Hey Aram, You'll get an email notification that will contain the confirmation number you also receive at the end of a payment transaction. Keep this number somewhere safe.
I used my po ox address but I’m not sure I wrote the address correctly 😥 but everything else is correct so will they still accept it? This was my first time sending a check
Hey Dragon, You should be fine as long as you had your SS# and what you are paying (ex. 2019 1040). My checks don't have any address on them and I've never had a problem.
as an accredited instructor do i have to report investment to the irs?
[1:03pm PST] @TaxesbyKatie.com
Hey DJ, Investment income has to reported to the IRS.
Thanks beautiful
If I pay by Money Order, do I still include the SSN, tax form, and year as with sending a check?
Yes Sam. It will walk you through the process with a bunch of drop down boxes.
Make sure your check or money order includes the following information:
◦ Your name and address
◦ Daytime phone number
◦ Social Security number (the SSN shown first if it's a joint return) or employer identification number
◦ Tax year
◦ Related tax form or notice number
@@KatieStOresCFPChFCEA I made my payment with money order and they sent it back ..why
[4:25pm PST] @SaintOres.com
Hey Mary, Hard to tell without more info... But usually you will receive a letter stating the reason for a returned payment. It is possible that you mailed it to the wrong address or it was missing some required information, and they could process the payment without it.
@@KatieStOresCFPChFCEA where on the money order do you write all that information?
Do you pay State and Federal Taxes together?
Hello Dushime, Filing state income taxes requires a separate return. If your state requires that you file state income taxes, you'll have to do it separately from your federal income tax return. That's because the federal government and your state's government are separate and you file and pay income taxes to each separately.
But where do i go to pay each differently
Hey Wilson, Here is for federal tax www.officialpayments.com/fed/index.jsppaying Your state will have it's own site for paying.
what good percent should i save for taxes making 10,000-40,000 i was told 25 percent.. is this true
[4:28 PM PST] @TaxesbyKatie.com
Hello Louis, $10,000-$40,000 is quite a range. Let's say you make $40,000, minus the standard deduction of $12,400 (if you are Single), your taxable income would be $27,600, Estimated tax liability $3,114. Plus the state tax, which varies.
@@KatieStOresCFPChFCEA so that be 12 percent i should withhold for taxes thank you so much
@@Louis-sv6gs [1:23pm PST] @TaxesbyKatie.com
You're Welcome Louis...
Is it safe to do it online? Someone said it's safer to do it by mail. Is it true
Hello LOL, according to the IRS website, they say that paying online is safe and secure. Any who among us doesn't agree with the Internal Revenue Service??? Seriously, I personally think it is safer to pay online. It's easier to track your payment. I get quite a few messages from people who sent in a check or money order and then have problems. Very few if any problems from people that pay online. But that's just my two cents worth.
@@KatieStOresCFPChFCEA I watched a different video they said it's safer by mail because someone can hack you and steal your social security number. And by mail no one can hack you.
Also, how do you know how much you owe? It says the amount you'll pay, where do we find out how much we need to pay?
@@KatieStOresCFPChFCEA what's the point of people using turbo tax when there's direct pay on the IRS website? Is there a difference?
Yes, I can understand the hacking worry. I'm just relaying to you the comments I get from the video.
As for how much you owe.... Depending on what kind of tax you are paying, the amount should be found in your payment voucher, client letter, instructions, etc.
Just thought of you. I'm filing a tax form for a client in California, (I'm in Oregon) and California requires the payment to be done online with debit card.
What do I put in the memo?
[2:01pm PST] @TaxesbyKatie.com
Hey Xochitl, You'll want to put your SS# or EIN and what tax or tax form you are paying. Quarter and year if needed.
@@KatieStOresCFPChFCEA I was looking other examples and some had only the SSN or tax form and SSN on top. Thank you.
@@xochitlarte3948 [3:26pm PST] @TaxesbyKatie.com
You just want to make sure that they credit the money to the correct tax liability.
How do I know the exact amount I owe to the IRS
[9:32am PST] @TaxesbyKatie.com
Hey Emily, The amount will be on your payment voucher. You can also find it on Line 37 on your 1040 Form.
It's possible to pay the 1040v online?
[9:32am PST] @TaxesbyKatie.com
Hello Wolf, Yes, you are paying your regular 1040. The V stands for voucher used to mail in the payment.
you need id me account now and I don't trust 3rd part companies
Thank you.
You're welcome Gloria!