Mailing Tax Checks

I find many clients are not aware that at some point in the foreseeable future the IRS will require that Federal tax payments be sent on-line.  We today await guidance on this mandate, although it is fair to anticipate a period of time in which taxpayers can become acclimated.

It  also is today possible to pay on line, and doing so avoids issues of lost checks and saves the now-increased postage for certified, return receipt submissions. However, and not to appear to be elitist about this, I am not sure how this new rule will play with folks who are at the lower end of the economy.  It may be that electronic financial transactions are not part of their normal tool kit.  If I am selling my fellow citizens short, I beg forgiveness…..

Among matters presently noted by the IRS: you can pay without charge from your bank account but if you use a credit or debit card, or pay out of your digital wallet, there is a processing fee (excepting payroll tax remittances); and, for those paying off a tax debt under a payment agreement, the forms appear to permit scheduling a stream of payments at one time.

For those having returns prepared by accountants, of course the mechanics will be made simpler with help at hand.  For all others, the game will change in the foreseeable future as society moves its very existence on line…..  Perhaps AI will facilitate the mechanics here?

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