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Paying the tax due on a 1040 return in ProSeries

by Intuit•1• Updated 1 month ago

Form 1040-V may be used when there's a balance due on the taxpayer's individual tax return. Use of Form 1040-V, Payment Voucher, is recommended, but not required.

Mailing the Form 1040-V

For paper-filed returns, include Form 1040-V loose in the same envelope used to mail the tax return.
For e-filed returns not using electronic payment, Form 1040-V should be mailed—along with the payment—to the Internal Revenue Service Center address shown on the Form 1040-V.

Additional information:

Don't staple the voucher or the payment to the Form 1040.
Make the check or money order payable to the United States Treasury.
Write the taxpayer's Social Security number (SSN) on the check or money order.
ProSeries generates a special scannable version of Form 1040-V, which differs slightly from the blank Form 1040-V produced by the Internal Revenue Service.

Special instructions for residents of Guam or the Virgin Islands: Taxpayers who aren't permanent residents of Guam or the Virgin Islands should mail the voucher to the address shown at the bottom of Form 1040-V. Don't use Form 1040-V if the taxpayer is a permanent resident of Guam or the Virgin Islands.

How can a taxpayer pay the balance due with a debit or credit card?

According to the IRS Pay Your Taxes by Debit or Credit Card or Digital Wallet website, you can pay by debit or credit card whether you e-file, paper file or are responding to a bill or notice. It's safe and secure. The IRS uses standard service providers and commercial card networks.

Additional information:

Your payment will be processed by a payment processor who will charge a processing fee, which may be tax deductible. The fees vary by service provider.
Your information will only be used to process your payment.
No part of the service fee goes to the IRS.
The types of payments (individual or business) and limits on how many debit or credit card payments you can make in a year, quarter, or month, vary according to the type of tax you're paying.

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