When you have a IRS credit card payment, there is one reason that you have it and that is because you owe the IRS for unpaid taxes, or various other debts. This is when the IRS will demand that you pay these unpaid taxes and will give you a payment option that can be drawn out over a time frame of months or years. Along with the monthly payments that you will be required, these payments will also require you to pay interest.
IRS Credit Card Payment Methods
There are various providers that the IRS designates that you can make an IRS credit card payment or debit card payment, which the providers deal with both E-pay as well as E-file providers, which the providers consist of:
- Official Payments Corporation – Their E-pay phone number is: 1-877-754-4413, and their E-file phone number is: 1-866-954-8426. To make payments that are a minimum of $100,000 one should call the OTC Special Services Unit at: 1-888-889-7228.
- Link2Gov Corporation – Their E-pay phone number is: 1-888-658-5465. For those who are looking to make a payment that is a minimum of $100,000 they must call Link2Gov at: 1-888-729-1040.
- World Pay US, Inc – There are two phone numbers for their E-pay services which include the live operator line which can be reached at: 1-888-877-0450 as well as their automated line which can be reached at; 1-877-517-4881. For the E-file World Pay US, Inc service you will want to call the live operator at: 1-888-877-0450. To make payments that are $500,000 or more, you will want to call: 1-888-877-0450.
To file your taxes, you can start the process by calling: 1-805-644-9398.
IRS Credit Card Payment – PRO’s and CON’s
Although at first thought it may seem like there are no benefits to having an IRS credit card payment, there are actually many benefits when it comes to your debt payoff through the IRS. Here are a few positives that you can take advantage of:
- The first postive aspect about having an IRS credit card payment is that in the event that you can manage to pay off the debt quickly or in one large sum, they will sometimes make an agreement with you to wipe out the whole thing, usually at a much lower total than the original.
- Having to pay to the IRS each month brings another positive to a credit card situation, and that is when you have a payment plan, you can set it up where the monthly payment that you are paying is automatically taken out each month whether you remeber to pay or not. This is a great method to solve the hestinancy that an IRS payment can bring about.
- Having an IRS credit card payment with them on your credit card allows you the option to negotiate your monthly payment to better suite your financial situation as they are most of the time pretty lenient, especially if you keep in good standings with them
WIth pro’s there always seems to come the con’s. Here are a couple examples of the negatives that come with having an IRS credit card payment:
- They have your credit card number and no matter what you have to make the payments, pretty much providing no way out.
- Along with the fact that they have your credit card number, you have to pay and if for whatever reason you don’t, they will hit you with the terrible late fees.
Although a card payment to the IRS is a drag, there are many benefits that seems to outwiegh the negatives, making the IRS credit card payment a less painless method than you may have thought.