Blog | Kaizen CPAs + Advisors

Do You Owe Taxes to the IRS?

Written by Heather Palermo | | March 31, 2016

If you owe taxes to the IRS, your payment must be received by the due date, even if you apply for more time to file.  Failure to pay on-time will result in penalties and interest. This year, the tax deadline to file personal tax returns falls on April 18, 2016 and the extended deadline is October 17, 2016.  Estimated tax payments (Form 1040ES) are due:

  • April 18, 2016
  • June 15, 2016
  • September 15, 2016
  • January 17, 2017

Thankfully, the IRS offers easy electronic payment options so you never miss a deadline. Paying electronically is convenient and secure.  The IRS uses the latest encryption technology and does not store your banking information.  You can make electronic payments online, by phone or from a mobile device.  When you use any of the IRS ePay options, it puts you in control of paying your tax bill and gives you peace of mind.  You determine the payment date, plus you’ll receive an immediate confirmation from the IRS.  It’s much quicker than mailing a check or money order.  For more information, visit IRS.gov/Payments.