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Any downside to paying taxes online?

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Any downside to paying taxes online?

Old 04-12-2019, 07:25 AM
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Default Any downside to paying taxes online?

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.

Last edited by HookMeUpII; 04-12-2019 at 07:33 AM.
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Old 04-12-2019, 07:29 AM
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Tax act works for me....
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Old 04-12-2019, 07:29 AM
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I did that once, but I still mailed in the payment 1040 coupon and a receipt printed out showing paid online with the transaction number.
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Old 04-12-2019, 07:31 AM
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I haven't paid taxes by check since I could e-file. This year with non-consensual financial sodomy I'm taking at the hands of the gubmint, they're getting a check in the mail on 4/15. or 4/16. Whatever.
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Old 04-12-2019, 07:38 AM
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I believe it costs $25 to file electronically, which is how my wife does it.
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Old 04-12-2019, 07:42 AM
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I couldn't imagine NOT doing taxes electronically (including paying or receiving refund) in this day and age. In fact I pay all bills online. Barely ever write a check.
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Old 04-12-2019, 07:45 AM
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Originally Posted by CruiseToFish View Post
I did that once, but I still mailed in the payment 1040 coupon and a receipt printed out showing paid online with the transaction number.
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?
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Old 04-12-2019, 08:05 AM
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Why not ask your accountant?

Some people use specific credit cards that accrue rewards/points for this purpose - if you're paying a lot throughout the year & at the end you will gain a ton of rewards

Then simply pay off the CC bill right after each quarterly payment so as to not have any interest accumulate + it will only help your credit rating not that it may need it but it is an aspect for some

Do the CC payments online as well

I can't remember the last time I wrote a check

Regards

Last edited by loverofshells; 04-12-2019 at 08:09 AM. Reason: clarity
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Old 04-12-2019, 08:08 AM
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eftps.gov
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Old 04-12-2019, 08:11 AM
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Originally Posted by loverofshells View Post
Why not ask your accountant?
Waiting on a call back. I imagine he's running around like a chicken with his head cutoff at this point.
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Old 04-12-2019, 08:14 AM
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Good Luck
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Old 04-12-2019, 08:27 AM
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I do my taxes in pencil on the forms I download from the irs website and mail them in. I read all the booklets and historically did the itemized deductions. If they expect me to make their job easier by filing electronically and charge me for it.......................no. This year I am neck and neck with the standard deduction so I will do the easy way on the 15th.
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Old 04-12-2019, 08:48 AM
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Looking back at our check register, I've written 4 checks since 2008, and none were for taxes.

I couldn't fathom NOT filing electronically.
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Old 04-12-2019, 08:56 AM
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Originally Posted by jobowker View Post
Looking back at our check register, I've written 4 checks since 2008, and none were for taxes.

I couldn't fathom NOT filing electronically.
Just want to clear something up:

My accountant did e-file. However, my payment vouchers are for physical checks.
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Old 04-12-2019, 10:12 AM
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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.
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Old 04-12-2019, 10:45 AM
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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.
Just to clarify this, I have a personal/business account. I send him a 75 page tax packet to him via mail every year lol

Last edited by HookMeUpII; 04-12-2019 at 10:54 AM.
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Old 04-12-2019, 10:48 AM
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I pay all of my taxes on-line both personal and business, the ones due with the return are done on-line by my accounting firm. It's way easier. You will need to register of course.
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Old 04-12-2019, 10:58 AM
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Search on "IRS Direct Pay" its as easy as paying any bill online.
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Old 04-12-2019, 11:02 AM
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Originally Posted by HookMeUpII View Post
Just want to clear something up:

My accountant did e-file. However, my payment vouchers are for physical checks.
Have not mailed in a physical check in ages. Always found it nutty (typical government) that the IRS asked to put your SS Number on the check; something that was widely not recommended years ago to help prevent theft. My cpa always files auto extension and sends me amount to pay in by 15th, with the following info:
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
You have two options, one would be to mail a check with the attached voucher, certified with a return receipt request on or before Monday, April 15, 2019. Although mailing is an option, I am going to strongly suggest allowing me to e-file your extension for you and then you can make you payment using this website Direct]https://directpay.irs.gov/directpay/payment?execution=e1s1] Direct pay is utilized by 95% of our clients.
When using Direct Pay:
Reason - Extension
Apply Payment to - 4868 (for 1040, 1040A, 1040EZ)
Tax Period - 2018

Last edited by SplashFL; 04-12-2019 at 06:01 PM.
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Old 04-12-2019, 11:13 AM
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I e-file with my accountant but send checks. I find that writing the checks increases my disdain for politicians every three months. Like a booster shot.

Last edited by joe.giuliano; 04-12-2019 at 04:47 PM.
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