Form 1040 Instructions - 2015 Page 93
ADVERTISEMENT
1 
2 
3 
4 
5 
6 
7 
8 
9 
10 
11 
12 
13 
14 
15 
16 
17 
18 
19 
20 
21 
22 
23 
24 
25 
26 
27 
28 
29 
30 
31 
32 
33 
34 
35 
36 
37 
38 
39 
40 
41 
42 
43 
44 
45 
46 
47 
48 
49 
50 
51 
52 
53 
54 
55 
56 
57 
58 
59 
60 
61 
62 
63 
64 
65 
66 
67 
68 
69 
70 
71 
72 
73 
74 
75 
76 
77 
78 
79 
80 
81 
82 
83 
84 
85 
86 
87 
88 
89 
90 
91 
92 
93 
94 
95 
96 
97 
98 
99 
100 
101 
102 
103 
104 
105 The
Online EIN Application
helps
card payments through an approved pay-
d. Korean.
ment
processor.
Simply
download
you get an employer identification
e. Russian.
IRS2Go from Google Play, the Apple
number.
2. The IRS Taxpayer Assistance
App Store, or the Amazon Appstore, and
The
IRS Withholding Calculator
Centers provide over-the-phone inter-
make your payments anytime, any-
estimates the amount you should have
preter service in over 170 languages,
withheld from your paycheck for federal
where.
and the service is available free to tax-
income tax purposes.
What if I can’t pay now? Click on the
payers.
The
Electronic Filing PIN Request
“Pay Your Tax Bill” icon on IRS.gov
helps to verify your identity when you
Interest and Penalties
for more information about these addi-
do not have your prior year AGI or prior
tional options.
year self-selected PIN available.
You do not have to figure the amount of
Apply for an
online payment
The
First Time Homebuyer Credit
any interest or penalties you may owe.
agreement
to meet your tax obligation in
Account Look-up
tool provides informa-
Because figuring these amounts can be
monthly installments if you can't pay
tion on your repayments and account
complicated, we will do it for you if you
your taxes in full today. Once you com-
balance.
want. We will send you a bill for any
plete the online process, you will receive
amount due.
For help with the alternative mini-
immediate notification of whether your
agreement has been approved.
mum tax, go to IRS.gov/AMT.
If you include interest or penalties
An offer in compromise allows you
Understanding identity theft issues.
(other than the estimated tax penalty)
to settle your tax debt for less than the
Go to
with your payment, identify and enter
full amount you owe. Use the
Offer in
Protection
for information and videos.
the amount in the bottom margin of
Compromise Pre-Qualifier
to confirm
See Secure Your Tax Records from
Form 1040, page 2. Do not include in-
your eligibility.
Identity Theft under General Informa-
terest or penalties (other than the estima-
Checking the status of an amended re
tion, earlier.
ted tax penalty) in the amount you owe
turn. Go to IRS.gov and click on the
on line 78.
Checking on the status of a refund.
Tools tab and then
Where’s My
Interest
Go to
Amended Return?
Download the free IRS2Go app to
We will charge you interest on taxes not
Understanding an IRS notice or letter.
your smart phone and use it to check
paid by their due date, even if an exten-
Enter “Understanding your notice” in
your refund status.
sion of time to file is granted. We will
the search box on IRS.gov to find addi-
Call the automated refund hotline
also charge you interest on penalties im-
tional information about your IRS notice
at 1-800-829-1954. See Refund Informa-
posed for failure to file, negligence,
or letter.
tion, later.
fraud, substantial valuation misstate-
Visiting the IRS. Locate the nearest
Making a tax payment. The IRS uses
ments, substantial understatements of
Taxpayer Assistance Center using the
the latest encryption technology so elec-
tax, and reportable transaction under-
Office Locator tool on IRS.gov. Enter
tronic payments are safe and secure.
statements. Interest is charged on the
“office locator” in the search box. Or
You can make electronic payments on-
penalty from the due date of the return
choose the “Contact Us” option on the
line, by phone, or from a mobile device.
(including extensions).
IRS2Go app and search Local Offices.
Paying electronically is quick, easy, and
Penalties
Before you visit, use the Locator tool to
faster than mailing in a check or money
check hours and services available.
order. Go to
to
Late filing. If you do not file your re-
make a payment using any of the fol-
Watching IRS videos. The IRS Video
turn by the due date (including exten-
lowing options.
portal
contains video
sions), the penalty is usually 5% of the
IRS Direct Pay
(for individual tax-
and audio presentations for individuals,
amount due for each month or part of a
payers who have a checking or savings
small businesses, and tax professionals.
month your return is late, unless you
account).
You’ll find video clips of tax topics, ar-
have a reasonable explanation. If you
Debit or credit card (approved
chived versions of panel discussions and
do, include it with your return. The pen-
payment processors online or by phone).
Webinars, and audio archives of tax
alty can be as much as 25% of the tax
Electronic Funds Withdrawal
practitioner phone forums.
due. The penalty is 15% per month, up
(available during e-file).
to a maximum of 75%, if the failure to
Getting tax information in other lan
Electronic Federal Tax Payment
file is fraudulent. If your return is more
guages. For taxpayers whose native
System (best option for businesses; en-
than 60 days late, the minimum penalty
language isn't English, we have the fol-
rollment required).
will be $135 or the amount of any tax
lowing resources available.
Check or money order.
you owe, whichever is smaller.
1. Taxpayers can find information
IRS2Go provides access to mo-
Late payment of tax. If you pay your
on IRS.gov in the following languages.
bile-friendly payment options like IRS
taxes late, the penalty is usually
of 1%
1
2
a. Spanish.
Direct Pay, offering you a free, secure
of the unpaid amount for each month or
b. Chinese.
way to pay directly from your bank ac-
part of a month the tax isn't paid. The
count. You can also make debit or credit
c. Vietnamese.
penalty can be as much as 25% of the
-93-
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial