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Any downside to paying taxes online?

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Any downside to paying taxes online?

Old 04-12-2019, 11:15 AM
  #21  
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Online is easy fast and efficient. Only down side is seeing all that money go away.
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Old 04-12-2019, 04:01 PM
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Originally Posted by joe.giuliano View Post
I e-file with my accountant but send checks. I find that writing the checks increases my disdain for politicians every three mints. Like a booster shot.
I write a check and send it certified return receipt. It makes sure the government gets it and I have a receipt I mailed it. I do not mail my check until late in the day on 4/15. I pay my taxes in accordance with the law, but I am not giving them a penny to waste any sooner than I have to.

Sending it certified, slows down their receipt of my money. If you pay by credit card or wire transfer they get your money right away.

I realize in the grand scheme of things it doesn’t really make a difference, but it makes me feel better.
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Old 04-12-2019, 04:18 PM
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Originally Posted by HookMeUpII View Post
This is where I'm a little confused. My accountant sent me the payment vouchers with my tax packet and 1040's. I signed the authorization to e-file. Can't I just go on the IRS website and pay via direct bank transfer and select 2018 1040?
Yes. Either EFTPS or Direct Pay.
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Old 04-12-2019, 04:21 PM
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Originally Posted by yarcraft91 View Post
Who is actually collecting the tax return you submit on-line? TurboTax collects the electronically filed returns from people using their TurboTax software, then forwards the info to the IRS. TurboTax apparently had their server hacked and some tax return data stolen a few years ago. Further, TurboTax probably sold some of that information to other companies.

Personally, I am not willing to send my tax data to anyone via the internet because I don't know who really handles it and how secure their systems might be.

Never underestimate how your personal data gets misused. My wife filled a prescription for an opioid pain killer after surgery. Since then, we get several calls daily from people asking for her by name and offering "help" with her pain. Why? Clearly, someone got their hands on her personal data. Her doctor, the hospital and the pharmacy all keep her records on computers. Not hard to figure out that someone has hacked the systems.
If you use the CD/Download version, Intuit merely sends it straight through to the IRS. They keep nothing, they sell nothing.
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Old 04-12-2019, 10:06 PM
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Originally Posted by Boat Bum View Post
I believe it costs $25 to file electronically, which is how my wife does it.
Update; she pays $25 to file electronically with the state (MA), the fed is free.
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Old 04-13-2019, 01:17 AM
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They make it so easy to PAY your taxes........

I will be doing this Monday.......

At 11:59 PM......

https://www.irs.gov/payments
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Old 04-13-2019, 06:32 AM
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Originally Posted by HookMeUpII View Post
Since I've owed taxes, I've always written a check. However, I'm thinking about it today, and it may sound petty but:

Why would I waste another check?
Why would I waste an additional $0.50 on a stamp?
Why would I risk it getting lost in the mail?

Is there something I'm missing here? I paid my quarterly taxes last year online?

Just to be clear, I would be doing a direct bank transfer.
whats a check?
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Old 04-13-2019, 11:45 AM
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Originally Posted by HookMeUpII View Post
Since I've owed taxes, I've always written a check. However, I'm thinking about it today, and it may sound petty but:

Why would I waste another check?
Why would I waste an additional $0.50 on a stamp?
Why would I risk it getting lost in the mail?

Is there something I'm missing here? I paid my quarterly taxes last year online?

Just to be clear, I would be doing a direct bank transfer.
online tax payments have been around for like 20 years

many people have been doing it for years

some states require you to pay certain taxes electronically and will NOT accept a check
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Old 04-13-2019, 04:52 PM
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Originally Posted by mystery View Post
some states require you to pay certain taxes electronically and will NOT accept a check
Which states are those?
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Old 04-13-2019, 04:57 PM
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Originally Posted by yarcraft91 View Post
Which states are those?
I got a letter for a business I had in CT saying the entity tax must be paid electronically moving forward.
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Old 04-13-2019, 05:04 PM
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Many states require sales taxes to be paid electronically, under certain circumstances. Are there any states that require income taxes to be paid electronically? I think not.
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Old 04-13-2019, 05:43 PM
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Originally Posted by yarcraft91 View Post
Many states require sales taxes to be paid electronically, under certain circumstances. Are there any states that require income taxes to be paid electronically? I think not.
correct, there are several states that require certain types of business taxes to be paid electronically. no state requires income tax to be paid electronically, at least yet.
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Old 04-14-2019, 07:04 AM
  #33  
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Originally Posted by yarcraft91 View Post
Who is actually collecting the tax return you submit on-line? TurboTax collects the electronically filed returns from people using their TurboTax software, then forwards the info to the IRS. TurboTax apparently had their server hacked and some tax return data stolen a few years ago. Further, TurboTax probably sold some of that information to other companies.

Personally, I am not willing to send my tax data to anyone via the internet because I don't know who really handles it and how secure their systems might be.

Never underestimate how your personal data gets misused. My wife filled a prescription for an opioid pain killer after surgery. Since then, we get several calls daily from people asking for her by name and offering "help" with her pain. Why? Clearly, someone got their hands on her personal data. Her doctor, the hospital and the pharmacy all keep her records on computers. Not hard to figure out that someone has hacked the systems.
Speaking as a victim of the OPM hack, nothing is as insecure as a paper check or the US Government.
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