Friday, July 26, 2013

How do I Use PayPal to Pay the IRS?


1. Apply for a PayPal Debit MasterCard (see References). Log in to your PayPal account and click the 'Products & Services' tab, select 'View All PayPal Products' and click the link for 'PayPal Debit MasterCard.' Select the 'Apply Now' button and follow the prompts to apply for a PayPal Debit MasterCard.
2. Navigate to an e-pay company that is accepted by the IRS. Official Payments Corporation, Link2Gov Corporation and RBS WorldPay, Inc (see Resources). are the three companies from which the IRS accepts electronic payments. Each company charges a convenience fee of $3.89 or $3.95 per transaction for debit card payments.
3. Complete the e-pay transaction using your PayPal Debit MasterCard. You must submit information regarding whether you are paying personal or business taxes, the type of tax form you used--such as a 1040 or 1065--and the tax year you wish to pay. You must also supply your personal information and your billing information. After you have submitted your information, review it and submit your payment.

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