Latest News

IRS Now Accepting Cash Tax Payments At Your Local 7-Eleven

http://ift.tt/eA8V8J

Jonesing for a Slurpee and still need to pay your taxes? You can kill two birds with one stone with the Internal Revenue Service’s new payment option: taxpayers can fork over what they owe in cash at one of the participating 7,000 7-Eleven locations in the country.

Though the partnership with 7-Eleven might seem odd at first, for those who don’t have a bank account or credit card, this provides an option for them to pay their taxes with cash.

“We continue to look for new ways to provide services for our taxpayers. Taxpayers have many options to pay their tax bills by direct debit, a check or a credit card, but this provides a new way for people who can only pay their taxes in cash without having to travel to an IRS Taxpayer Assistance Center,” said IRS Commissioner John Koskinen.

If you’re interested in paying at 7-Eleven, you should make sure you get started on the process well before the filing deadline of April 18, as it’s a three-step process that can take some time.

Here’s how it works:

• Visit the IRS.gov payments page, and select the cash option under “other ways you can pay,” and follow the instructions.
• Taxpayers will then receive an email from OfficialPayments.com, an IRS partner, confirming their information.
• Once the IRS verifies that information, another IRS partner company called PayNearMe sends the taxpayer an email with a link to the payment code and instructions.
• You can then either print the payment code provided or send it to your smart phone, along with a list of the closet 7-Eleven stores.
• 7-Eleven will provide a receipt after accepting the cash, with the payment usually posting to the taxpayer’s account within two business days.

There is a $1,000 payment limit per day and a $3.99 fee per payment.


by Mary Beth Quirk via Consumerist

No comments:

Post a Comment

THE PLUG MAGAZINE Designed by Templateism.com Copyright © 2014

Theme images by Bim. Powered by Blogger.