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  #5  
Old 12-31-2008, 05:55 PM
Han
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Posts: n/a
Default Re: Tax payment via wire transfer

Mark Bole <makbo[at]pacbell.net> wrote in news:B3A6l.188$%54.81
[at]nlpi070.nbdc.sbc.com:

- quote -

> For every person who wants it to be easier, there is probably another
> who feels the government already has too many hooks into his or her bank
> accounts. To use the old saying, security and convenience are inversely
> proportional.


Experiences influence perceptions. Still beauty is in the eyes of the
beholder, and you yourself have to weigh the pros and cons to find your
cost-benefit relationships.

--
Best regards
Han
email address is invalid

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #4  
Old 12-31-2008, 12:40 AM
Mark Bole
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Posts: n/a
Default Re: Tax payment via wire transfer

reikred[at]gmail.com wrote:
- quote -

> Thanks to everyone. I signed up for ETFPS.
> I also found that California FTB has a more light-weight process than
> the IRS for submitting electronic payments, based on an ACH pull from
> your account.
> See http://ftb.ca.gov/online/webpay/index.asp for details.
> In fact, Californa in 2009 makes it mandatory to use some form of
> electronic payment if any payment is bigger than 20k or the
> (expected?) total is more than 80k.
> I wish IRS had a similar system -- something that does not require a
> sign-up, a PIN, a pre-designated bank account and so on. It appears to
> me that if the SSN(s) on any bank account matches the single/joint
> filer(s), the safety of letting the users designate an account as a
> source AT THE TIME OF TRANSACTION would be quite good.



If you go to the link that Arthur Kamlet posted, you will see there *is*
a more light-weight process, in other words when you efile your return
you can designate an account for ACH payment of balance due and 4
quarterly estimated payments.

For every person who wants it to be easier, there is probably another
who feels the government already has too many hooks into his or her bank
accounts. To use the old saying, security and convenience are inversely
proportional.

-Mark Bole

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #3  
Old 12-30-2008, 05:09 PM
reikred@gmail.com
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Posts: n/a
Default Re: Tax payment via wire transfer

Thanks to everyone. I signed up for ETFPS.

I also found that California FTB has a more light-weight process than
the IRS for submitting electronic payments, based on an ACH pull from
your account.

See http://ftb.ca.gov/online/webpay/index.asp for details.

In fact, Californa in 2009 makes it mandatory to use some form of
electronic payment if any payment is bigger than 20k or the
(expected?) total is more than 80k.

I wish IRS had a similar system -- something that does not require a
sign-up, a PIN, a pre-designated bank account and so on. It appears to
me that if the SSN(s) on any bank account matches the single/joint
filer(s), the safety of letting the users designate an account as a
source AT THE TIME OF TRANSACTION would be quite good.

I recall from speaking with IRS in 2008 that full-fledged web accounts
for tax status etc are in the works as well. Let;s hope it will be
available soon!

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #2  
Old 12-29-2008, 02:38 PM
Mark Bole
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Posts: n/a
Default Re: Tax payment via wire transfer

Phil Marti wrote:
- quote -

> <reikred[at]gmail.com> wrote:
> > Dos the IRS support incoming wire transfers for tax payments? The
> > deadline is looming and I'm concerned I'll need to use a wire to get
> > payments recorded by the 31st. I have not been able to find wire
> > instructions anywhere.

> I'm not aware of any wire transfer procedures. Nor am I aware of any 1040
> payment that's due by 12/31. The final estimated tax payment for 2008 is
> due 1/15/2009. You may have time to set up an account for direct debits at
> www.eftps.com.


To elaborate, "have time to set up an account" = 15 day turn-around to
paper-mail you a PIN code, according to the web site.

A paper check which is postmarked by whatever due date you are trying to
meet should also do the trick, unless you are in a situation that
requires e-payments (does not apply to most individual taxpayers). For
those who can, filing the tax return by Feb. 2, 2009 and paying any
balance due in full eliminates the need to make a Jan. 15th estimated
payment.

-Mark Bole

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #1  
Old 12-29-2008, 12:49 AM
Arthur Kamlet
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Posts: n/a
Default Re: Tax payment via wire transfer

In article <OUR5l.1529$Es4.581[at]nwrddc01.gnilink.net> ,
Phil Marti <prm20871[at]verizon.net> wrote:
- quote -

> <reikred[at]gmail.com> wrote:
> > Dos the IRS support incoming wire transfers for tax payments? The
> > deadline is looming and I'm concerned I'll need to use a wire to get
> > payments recorded by the 31st. I have not been able to find wire
> > instructions anywhere.

> I'm not aware of any wire transfer procedures. Nor am I aware of any 1040
> payment that's due by 12/31. The final estimated tax payment for 2008 is
> due 1/15/2009. You may have time to set up an account for direct debits at
> www.eftps.com.



Or see this link:




http://www.irs.gov/efile/article/0,,id=97400,00.html
--


ArtKamlet at a o l dot c o m Columbus OH K2PZH

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 
Old 12-28-2008, 08:08 PM
Phil Marti
Guest
 
Posts: n/a
Default Re: Tax payment via wire transfer

<reikred[at]gmail.com> wrote:

- quote -

> Dos the IRS support incoming wire transfers for tax payments? The
> deadline is looming and I'm concerned I'll need to use a wire to get
> payments recorded by the 31st. I have not been able to find wire
> instructions anywhere.


I'm not aware of any wire transfer procedures. Nor am I aware of any 1040
payment that's due by 12/31. The final estimated tax payment for 2008 is
due 1/15/2009. You may have time to set up an account for direct debits at
www.eftps.com.
--
Phil Marti
Clarksburg, MD

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #-1  
Old 12-28-2008, 07:42 PM
reikred@gmail.com
Guest
 
Posts: n/a
Default Tax payment via wire transfer

Dos the IRS support incoming wire transfers for tax payments? The
deadline is looming and I'm concerned I'll need to use a wire to get
payments recorded by the 31st. I have not been able to find wire
instructions anywhere.

(Search on the web was unsuccessful, just lots of noise about how the
IRS watches all you wire transfers for signs of tax evasion and money
laundering)/

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 

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