• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Michael P. Mullen, CPA

Certified Public Accountants

  • About us
  • Our Staff
  • Services
    • Audits, Reviews and Compilations
    • Condominium and Homeowner Association, Cooperative and Time Share Services
    • Tax Planning and Preparation
    • Payroll and Accounting Services
  • Resources
  • Contact Us
  • Portal Login
  • Locations

Ways to Pay Your Tax Liability

June 30, 2015 By admin

If You Missed the Tax Deadline These Tips Can Help

April 15 has come and gone. If you didn’t file a tax return or an extension but should have, you need to take action now. Here are some tips for taxpayers who missed the tax filing deadline:

  • File as soon as you can.  If you owe taxes, you should file and pay as soon as you can. This will stop the interest and penalties that you will owe. IRS Direct Pay offers you a free, secure and easy way to pay your tax directly from your checking or savings account. There is no penalty for filing a late return if you are due a refund. The sooner you file, the sooner you’ll get it.
  • IRS Free File is your best choice.  Nearly everyone can use IRS Free File to e-file their federal taxes for free. If your income was $60,000 or less, you can use free brand-name tax software. If you made more than $60,000, use Free File Fillable Forms to e-file. This program uses electronic versions of IRS paper forms. It does some of the math and it works best for those who are used to doing their own taxes. Either way, you have a free option that you can only access on IRS.gov. It’s available at least through the Oct. 15 extension period.
  • Use IRS e-file to do your taxes.  No matter who prepares your tax return, you can use IRS e-file through Oct. 15. E-file is the easiest, safest and most accurate way to file your taxes. The IRS will confirm that it received your tax return. The IRS issues more than nine out of 10 refunds in less than 21 days.
  • Pay as much as you can.  If you owe tax but can’t pay it in full, you should pay as much as you can when you file your tax return. IRS electronic payment options are the quickest and easiest way to pay your taxes. Pay the rest of the tax you still owe as soon as possible. Doing so will reduce future penalties and interest.
  • Use the IRS.gov tool to pay over time.  If you need more time to pay your tax, you can apply for an installment agreement with the IRS. The best way to apply is to use the IRS Online Payment Agreement tool. You can use the IRS.gov tool to set up a direct debit agreement. You don’t need to write and mail a check each month with a direct debit plan. If you don’t use the tool, you can use Form 9465, Installment Agreement Request to apply. You can get the form onIRS.gov/forms at any time.
  • A refund may be waiting.  If you are due a refund, you should file as soon as possible to get it. Even if you are not required to file, you may still get a refund. This could apply if you had taxes withheld from your wages or you qualify for certain tax credits. If you do not file your return within three years, you could lose your right to the refund.

Filed Under: Articles


Minnesota – (952) 928-3011
Florida – (239) 674-3636
Wisconsin – (920) 659-7099

Peer Review Program

CPAMullen Peer Review
Click here to see a copy of our most recent Peer Review Letter

The peer review program of the AICPA is important in ensuring that member CPA firms provide quality service to clients. As members of the AICPA, we have other firms examine our quality control system every three years. We believe that the peer review program is essential in maintaining quality services to our clients.

Successful Peer Reviews in 1996, 1999, 2002. 2005, 2008, 2011, 2014
, 2017, 2020

Articles

Ways to Pay Your Tax Liability

Top 10 Tips for Deducting Losses from a Disaster

What Should You Know About Reporting Employee Tips

Depreciation Correction Catch-Up Offers Significant Deductions

Answers to Frequently Asked Questions for Individuals of the Same Sex Who Are Married Under State Law

Taxpayer Guide to Identity Theft

In The News

Retirement Topics – Contributions

IRS Withholding Calculator

2017 Tax Filing Season Begins Jan. 23 for Nation’s Taxpayers, Tax Returns Due April 18

IRS Announces 2017 Pension Plan Limitations; 401(k) Contribution Limit Remains Unchanged at $18,000 for 2017

IRS and Security Summit Partners Warn of Fake Tax Bills

Copyright © 2023 · Michael P Mullen, CPA · All Rights Reserved · Log in