The document provides five tips for paying a tax bill to avoid interest and penalties: 1) pay electronically through IRS Direct Pay, EFTPS, or credit/debit card for a quick and safe payment; 2) apply for a payment plan if unable to pay in full; 3) consider a direct debit pay plan for lower fees; 4) check if eligible for an offer in compromise to settle the tax debt for less than owed; and 5) pay by check or money order with contact information.

1. Five Tips to Help You
Pay Your Tax Bill
If you get a tax bill from the IRS, don’t ignore it. Any procrastination
may cost you more in the long run. The longer you wait, the more
interest and penalties you may have to pay. Here are five tips to help
you avoid those extra charges:

2. Pay Electronically
Using an IRS electronic payment to pay your tax is quick, accurate and safe. You’ll also
receive a record of your payment. Your options include:
• IRS Direct Pay
• Electronic Federal Tax Payment System
• Credit or Debit Card

3. Payininstallmentsifyou can’tpayin full
If you can’t pay all at once, apply for a payment plan. Contact the IRS or your tax
professional to learn more about the process and eligibility rules.

4. Check out a direct debit payplan
A direct debit pay plan is the lower-cost hassle-free way to pay. The set-up fee is less than
other plans – $52 instead of $120. With this type of plan, payments are taken
automatically from your bank account each month.

5. Check if you qualifyfor an OIC
An Offer in Compromise allows you to settle your tax debt with the IRS for less than the
full amount. An OIC may be an option if you can't pay your tax in full. It may also apply if
full payment will create a financial hardship. There are strict qualifying rules, so be sure to
consult with a tax professional before applying.

6. Consider Payingby Check or Money Order
Make your check or money order payable to the U.S. Treasury. Be sure to include:
• Your name, address and daytime phone number
• Your Social Security number or employer ID number

7. To Learn More
Visit
www.taxdefensenetwork.com
Or Call
(800) 691-5390
Citation: Five Tips to Help You Pay Your Tax Bill , IRS Special Edition Tax Tip 2014-14, May 27, 2014. https://www.irs.gov/uac/Newsroom/Five-Tips-to-
Help-You-Pay-Your-Tax-Bill