HOW TO PAY YOUR FEDERAL TAX BILL

You can pay with your bank account using the link below.

https://www.irs.gov/payments/direct-pay

You can pay with a credit, or debit card using the link below.

https://www.irs.gov/payments/pay-your-taxes-by-debit-or-credit-card

You can mail your payment with the payment voucher included with your return to:

Internal Revenue ServiceP.O. Box 931000Louisville, KY  40293-1000

HOW TO REQUEST AN INSTALLMENT PLAN FOR YOUR FEDERAL TAXES (IRS) WHEN YOU CAN’T PAY IN FULL

1.) If you don't have the money to pay your Federal tax bill in full, you can request that the IRS grants you an installment plan agreement. Here is the link to request an installment plan online: PLEASE READ THE FAQ’S ON THE IRS WEBSITE. Online Payment Agreement Application Internal Revenue Service 

2.) If the online option doesn’t work, you can call the IRS at 800-829-1040.

HOW TO PAY YOUR STATE OF ILLINOIS INCOME TAX BILL

Pay using:

• MyTax Illinois
• Credit Card
• ACH Credit
• Check or money order (follow the payment instructions on the form or voucher associated with your filing)

FOR MORE INFORMATION, CLICK THE LINK BELOW:

https://www2.illinois.gov/rev/individuals/pay/Pages/default.aspx

HOW TO REQUEST AN INSTALLMENT PLAN FOR YOUR STATE OF ILLINOIS INCOME TAX BILL WHEN YOU CAN’T PAY IN FULL 

STATE OF ILLINOIS PAYMENT PLAN LINK:  https://www2.illinois.gov/rev/forms/misc/Pages/paymentplan.aspx

ALL OTHER STATE TAX BILL PAYMENT LINKS 

https://www.irs.gov/businesses/small-businesses-self-employed/state-government-websites

WHAT HAPPENS IF I DO NOTHING??

If you don't pay in full by May 17th the IRS will charge you: 

Failure to pay tax reported on return: Internal Revenue Code §6651(a)(2)

• 0.5% of tax not paid by due date, April 15; 0.25% during approved installment agreement (if return was filed on time, and taxpayer is an individual); 1% if tax is not paid within 10 days of a notice of intent to levy
• Recurring charge on the remaining unpaid tax each month or part of a month following the due date, until the tax is fully paid or until 25% is reached
• Full monthly charge applies, even if the tax is paid before the month ends

IRS PENALTIES INFORMATION: https://www.irs.gov/taxtopics/tc202

STATE OF ILLINOIS PENALTIES INFORMATION

https://www2.illinois.gov/rev/research/publications/pubs/Documents/PUB-103.pdf#search=PENALTIES.