Dan Posted December 20, 2010 Report Posted December 20, 2010 Question: The government has passed a rule that if you prepare 100 or so returns that you must efile them. My question: If the client owns money on the return, what are the rules if the client wants to send the amount due on the return by check? I sure don't see any information regarding this in the !040 instructions. Quote
TaxmannEA Posted December 20, 2010 Report Posted December 20, 2010 When you print the return, your software should print out a voucher for the balance due. The client then sends the payment with the voucher to the appropriate address by mail. Payment can also be made by credit card or electronically. Quote
bstaxes Posted December 20, 2010 Report Posted December 20, 2010 I advise my clients not to pay by credit card because the cc company adds a fee and so does the IRS. Why pay more than you have to. Quote
mcb39 Posted December 20, 2010 Report Posted December 20, 2010 Also, when you prepare the e-file, you have the option of choosing the date that the check will be sent even though the e-file may be created and filed in Feb, Mar. You can opt for a date to send the voucher with the payment. I generally use April 10. The same holds true if you choose direct debit. They will take the money out of the account on the designated date no matter when the return is filed. Most clients really like this feature. These options are found on the page with the bank options. Quote
michaelmars Posted December 21, 2010 Report Posted December 21, 2010 I advise my clients not to pay by credit card because the cc company adds a fee and so does the IRS. Why pay more than you have to. ITS ALL FOR THE POINTS!!! thats what my clients tell me, but i agree with you and never recommend it Quote
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