FOR BREAKING NEWS VISIT WWW.QNS.COM FEBRUARY 21, 2019 • THE QUEENS COURIER 25
Need to pay your tax bill? There are many easy options
As the 2019 tax fi ling season gets into full
swing, the Internal Revenue Service reminds
taxpayers who owe of the many easy payment
Th e IRS anticipates that most taxpayers
will be aff ected by major tax law changes.
While most will get a tax refund, others
may fi nd that they owe taxes, many of
whom may qualify for a waiver of the estimated
tax penalty that normally applies. See
Form 2210, Underpayment of Estimated
Tax by Individuals, Estates and Trusts, and
its instructions for details.
“Th e IRS understands there were many
changes that aff ected people last year, and
the new penalty waiver will help taxpayers
who inadvertently had too little tax
withheld,” said IRS Commissioner Chuck
Rettig. “We encourage people to check
their withholding again this year to make
sure they have the right amount of tax
withheld for 2019.”
Th e IRS urges people with a fi ling
requirement and a balance due to fi le by
the April 15 deadline even if they cannot
pay in full. Taxpayers in this situation
should pay what they can and consider a
payment plan for the remaining balance.
Taxpayers who owe taxes can choose
among the following payment options:
• IRS Direct Pay allows payment directly
from a checking or savings account. Th is
service is free.
• Electronic Federal Tax Payment System,
or EFTPS. Pay by phone or online. Th is service
• Debit or credit card payment. Th is service
is free, but the processing company may
charge a fee. Fees vary by company.
• Check or money order made payable
to the United States Treasury (or U.S.
Treasury) either in person or through the
• Cash payments at some IRS offi ces or at
a participating PayNearMe location. Some
restrictions apply. Taxpayers should not
send cash through the mail.
Taxpayers who are unable to pay their
taxes in full should act quickly. Several payment
options are available including:
• Online Payment Agreement —
Individuals who owe $50,000 or less in combined
income tax, penalties and interest and
businesses that owe $25,000 or less in payroll
tax and have fi led all tax returns may
qualify for an Online Payment Agreement.
Most taxpayers qualify for this option, and
an agreement can usually be set up in a matter
of minutes. Online applications to establish
tax payment plans, like online payment
agreements and installment agreements, are
available Monday – Friday, 6 a.m. to 12:30
a.m.; Saturday, 6 a.m. to 10 p.m.; Sunday, 6
p.m. to midnight. All times are Eastern time.
• Installment Agreement — Installment
agreements paid by direct deposit from a
bank account or a payroll deduction will
help taxpayers avoid default on their agreements.
It also reduces the burden of mailing
payments and saves postage costs. Even
taxpayers who don’t qualify for a payment
agreement may still pay by installment.
Certain fees apply.
• Delaying Collection — If the IRS determines
a taxpayer is unable to pay, it may
delay collection until the taxpayer’s fi nancial
• Off er in Compromise — Certain taxpayers
qualify to settle their tax bill for less
than the amount they owe by submitting an
off er in compromise. To help determine eligibility,
use the Off er in Compromise Pre-
Qualifi er tool.
In addition, taxpayers can consider other
options for payment, including getting a
loan to pay the amount due. In many cases,
loan costs may be lower than the combination
of interest and penalties the IRS must
charge under federal law.
Check tax withholding
Th e IRS urges all taxpayers to check
their withholding for 2019, especially
those who made withholding adjustments
in 2018 or had a major life change.
Th ose most at risk of having too little tax
withheld from their pay include taxpayers
who itemized in the past but now take
the increased standard deduction as well
as two-wage-earner households, employees
with non-wage sources of income, and
those with complex tax situations.
To help taxpayers allocate the appropriate
withholding to their paychecks throughout
the year in 2019, an updated version of
the agency’s online Withholding Calculator
is now available on IRS.gov. It’s never too
early to check your withholding. While it’s
a good idea any year, starting early in 2019
is particularly important as most tax fi lers
adjust to the revised tax rates, deductions
Th e IRS urges taxpayers to take advantage
of the many tools and other resources available
on IRS.gov. Taxpayers have a variety
of options to get help fi ling and preparing
their tax returns on IRS.gov, the offi cial IRS
website. Taxpayers can also fi nd answers
to their tax questions and resolve tax issues
online. Th e Let Us Help You page answers
most tax questions, and Publication 5136,
IRS Services Guide, links to these and other
Taxpayers can go to IRS.gov/account to
securely access information about their federal
tax account. Th ey can view the amount
they owe, pay online or set up an online payment
agreement; access their tax records
online; review the past 18 months of payment
history; and view key tax return information
for the current year as fi led. Visit
IRS.gov/secureaccess to review the required
identity authentication process.
From the Internal Revenue Service