Do you know that you can pay your taxes with a money order? And if you’re like most Americans, you don’t. But it’s true! The IRS does accept money orders, although it may not be the best option for everyone. In this post, we’ll explore how to pay your taxes with a money order and why it might be a good idea for some people.
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Can You Pay Your Taxes With A Money Order
Do You Pay Taxes?
Taxes are a legal obligation, and they’re assessed on your income, property, and purchases (sales tax). Taxes are collected by the government to fund public services like infrastructure improvements and education.
You pay taxes through your employer: If you have a job, your employer withholds money from your paycheck for federal taxes every payday. The amount withheld is based on how much you make and what deductions you take out of each paycheck. For example, if you get married or have children during the year, those changes will usually increase how much is withheld from each check so that more tax payments can be made throughout the year instead of waiting until April 15th (Tax Day).
You may also be required to pay state or local sales tax on certain items that weren’t taxed previously but now fall under the jurisdiction of these agencies (see below). Some states also require businesses to collect sales taxes from customers who live within their boundaries; this helps offset some of the burden that falls onto individual taxpayers who aren’t able to deduct any part of these costs on their federal returns (more below)
Does The IRS Accept Money Orders?
The IRS does accept money orders as payment. If you’re wondering how to pay your taxes with a money order, here’s how:
- Call the tax help line at 1-800-829-1040. They’ll take down your information and answer any questions you might have about the process.
- Go to the nearest Western Union office or other location that sells money orders, then fill out an official IRS form (Form 1040EZ) and write “payment by credit card” in the payment section of Form 1040EZ or Form 4868 (extension). Include your name and Social Security number on this form as required by law.
- Include a picture ID with your request for extension if it hasn’t already been provided; some states require this identification when making purchases over $100 ($1,000 if made from businesses).
What Type Of Money Order Should You Use?
As we’ve said, you will receive a discount for paying your taxes with a money order. However, not all money orders are created equal; some may be more expensive than others or even impossible to use. So which money order should you use?
- Do not use personal checks because they take longer to process than cashier’s checks and bank drafts, which can result in penalties for late payment of your tax bill.
- Do not use cash because it is difficult for the U.S Treasury to track payments made with cash and there is no guarantee that you’ll receive what you paid when it comes time to withdraw funds from the government’s coffers (especially if they decide they want more).
- Do not use cashier’s checks or bank drafts because these are likely to be treated as federal government payments rather than individual ones based on experience with similar cases like this one where someone tried sending an entire paycheck over via check but ended up having none of their money left after paying taxes on everything else besides income earned during employment!
How Do You Pay Your Taxes With A Money Order?
- Go to a post office, bank or credit union.
- Go to the IRS office.
- Pay your taxes online at the IRS website.
- Call 1-800-829-1040 and use a credit card to pay by phone
What Is A Tax Return Fee?
The tax return fee is a fee that the IRS charges if you file your taxes online. The amount of the fee varies based on how long it has been since you have filed taxes in person or by mail. You can find more information on what this means and how much to expect to pay here: https://www.irs.gov/individuals/article/0,,id=104605,00.html
If you file your taxes online, you will have to pay a fee along with them. There are several ways that this can happen:
- If it’s been less than three years since your last time filing (or no filing at all), then there will be an additional $30 charge for using e-file services through Direct Pay America™ which is our third party vendor partner who handles all of our tax preparation work for us; this money goes directly towards their costs associated with accepting electronic payments from customers like yourself so thank them when visiting!
- If it’s been three years or longer since someone last filed electronically through our service provider then there will be an additional $60 charge so please note that both options are available depending on how often they’ve used us before (and even still!).
If you’re due a refund and owe no tax, you don’t have to pay a fee.
If you’re due a refund and owe no tax, you don’t have to pay a fee. If you owe no tax, but are not due a refund, then there is still an option for paying your taxes with a money order:
- Send your payment to the address on the form
- Include one of these two forms as proof of identity and residency: * A current government-issued photo ID; or
- A utility bill dated within 90 days (not more than one year old) that shows your name and address
what address do i send my irs installment payment to
For the latest developments related to Form 9465 and its instructions, such as legislation enacted after they were published, go to IRS.gov/Form9465.
Clarification and expansion of terms of Form 9465 installment agreements.
Additional text has been added to Form 9465 regarding your payment of the tax and your provision of updated financial information when requested. See Requests to modify or terminate an installment agreement, later.
We have added text clarifying when the IRS may terminate the installment agreement. See What happens if the taxpayer doesn’t comply with the terms of the installment agreement, later.
Reduced user fees for certain installment agreements.
Beginning January 1, 2019, the user fee is $10 for installment agreements reinstated or restructured through an online payment agreement (OPA). You must have established the reinstatement or restructuring of the installment agreement through an OPA to qualify for the reduced user fee. Low-income taxpayers may be reimbursed this fee under certain conditions. See Requests to modify or terminate an installment agreement, later.
Apply online at reduced fee.
If the total amount you owe isn’t more than $50,000 (including any amounts you owe from prior years), you don’t need to file Form 9465; you can request an installment agreement online for a reduced fee. For more information, see Applying online for an installment agreement and other payment plans, later.
Waiver and reimbursement of user fees for low-income taxpayers.
For installment agreements entered into by taxpayers with adjusted gross income, for the most recent tax year available, at or below 250% of the federal poverty guidelines, the IRS will waive or reimburse user fees if certain conditions are met. For details, see User fee waivers and reimbursements, later.
General Instructions
Use Form 9465 to request a monthly installment agreement (payment plan) if you can’t pay the full amount you owe shown on your tax return (or on a notice we sent you). Most installment agreements meet our streamlined installment agreement criteria. The maximum term for a streamlined agreement is 72 months. In certain circumstances, you can have longer to pay or you can establish an agreement for an amount that is less than the amount of tax you owe.
However, before requesting a payment plan, you should consider other alternatives, such as getting a bank loan or using available credit, which may be less costly. If you have any questions about this request, call 800-829-1040.
can you pay your property taxes with a money order
Cash, personal checks, money orders, debit cards and credit cards are accepted at all four locations.
If paying with cash, please understand that large volumes of coins must be rolled in bank wrappers before they will be accepted. Also, a convenience fee is added to all card transactions. For your convenience, a 24-hour drop box is located at each Treasurer’s Office location.
Please be advised that we process all checks electronically the day they are received in our office. Electronic processing expedites the transfer of funds from your bank account and eliminates the amount of “float” time on your payment.
The Treasurer’s office does not accept PayPal, PopMoney or other App based payment options.
Mail or 24-Hour Drop Box
Personal check, money order, or certified funds are acceptable in the mail or drop-box. Not responsible for cash put in the drop box. Drop boxes are located near the front door of each satellite Treasurer’s Office location, near the front and back doors of City Hall, and in the parking lot on the eastern side of the City Hall building.
Mailing address: City of Chesapeake Treasurer’s Office Post Office Box 16495 Chesapeake, Virginia 23328-6495
Pay by Phone
(1-844-382-4426) Visa, MasterCard, Discover and American Express cards are accepted over the phone. A convenience fee is added to all credit or debit card transactions. Pay personal property taxes, real estate taxes, parking tickets, stormwater fees, miscellaneous invoices, and EMS bills via telephone.
Payments are automatically deducted monthly or on the due date from your bank account as you direct for retiree insurance premiums, real estate taxes or stormwater fees. Personal property taxes are deducted annually on June 5th.
Installment Payments
If you are experiencing financial difficulty and are unable to pay your taxes in full, the Treasurer’s Office will assist you with payment arrangements after reviewing your financial situation. Please call our office at 757-382-6281 and ask to speak to a collection agent to set up a payment plan as soon as possible.
can you send the irs a money order
Paying the IRS with a money order is one option for taxpayers who prefer to pay their bills via secure methods. If you plan to pay your taxes with a money order, ensuring that it is filled out appropriately and sent to the right address will help ensure prompt credit to your account.
What Is a Money Order?
A money order is a printed, paper payment instrument similar to a check. Money orders are sold at banks, credit unions, post offices, check-cashing shops and even some retail stores. The purchaser pays the full value of a money order at the time of purchase, as well as a small fee to the seller. The recipient of a money order then endorses and deposits the money order into a checking or savings account.
Money orders are considered by recipients to be a more secure form of payment because the value of the money order has already been paid to the issuer. This means that there is no risk of the money order being returned or “bounced” for insufficient funds. In addition, money orders are traceable: The purchaser receives a receipt at the time of purchase that can be used to trace or refund the money order if it is lost, stolen, or never cashed.
Why Use a Money Order for Paying Taxes?
May people opt to use money orders when paying the IRS for the following reasons:
Tip
Money orders are typically only valid for amounts of $1,000 or less. If you owe more than this in taxes, you have the option of purchasing multiple money orders or choosing an alternative form of payment, such as a cashier’s check. Cashier’s checks can be purchased from banks and credit unions for values more than $1,000.
Filling Out Money Orders Correctly
After telling the bank teller or clerk the value of the money order, she will print it up and show it to you. Check to make sure that it is for the amount you requested.
In some places, the teller or clerk will ask you to write down the name of the recipient and will have that name printed on the money order. However, you may be required to write in the name yourself. Do this right away, before you leave the bank or store: If someone steals or finds a blank money order, they can write their own name on the document and cash it themselves.
The IRS asks that you include the following information on money orders sent to them:
Tip
Keep the receipt for your money order separate from the money order itself. If your money order is lost, stolen or damaged, you’ll need this receipt to get a replacement or a refund. Check the terms of replacement with the money-order issuer: In some cases, it can take weeks or months to get a replacement.
IRS Payment Voucher
The IRS provides payment vouchers that you can submit with your money order to ensure proper credit to your tax balance. Typically, Form 1040-V is the form that you will use. However, if you receive a notice from the IRS, you should use the voucher included with the notice instead. Form 1040-V can be downloaded at IRS.gov.
Warning
The IRS asks that you not attach your money order to the payment voucher with a staple or paper clip. Make sure that both documents contain the information the IRS requests before putting them in the envelope.
IRS Payment Mailing Tips
When mailing your tax payment to the IRS, it is up to you to ensure that it actually gets to where it is supposed to go. Here are some tips to ensure timely receipt of your money order:
Attached to your payment voucher is a list of IRS addresses: Address the envelope with the address for your state.
Proof of Mailing and Tracking
Tax payments are important. Take the envelope to the post office and pay for a trackable mail delivery service such as priority, certified or registered mail. You can also purchase a certificate of mailing for a nominal fee: Hang onto this certificate, as the postal service does not keep a copy.
Track your envelope through the mail system to ensure that it has been received by the IRS. You can check your IRS account balance online or by phone to ensure that your account has been credited.