IRS and Colorado Electronic Online Payments

Both the Internal Revenue Service and the State of Colorado offer secure, convenient ways to make your quarterly estimated tax and yearly tax due payments online.  For information on how to use this convenient service, please read the article below.  If you have any questions, feel free reach out to your tax professional at BiggsKofford.

FEDERAL – INTERNAL REVENUE SERVICE 

The Internal Revenue Service offers direct pay services.  You may make payments for taxes due at filing or estimated tax payments.

Taxes due: For taxes due at filing, choose your preferred method of payment (bank account, debit card, or credit card), and select MAKE A PAYMENT.  For reason for payment select TAX RETURN OR NOTICE, apply payment to 1040, and select the tax period for payment.

Estimated tax payments: For estimated tax payments, choose your preferred method of payment (bank account, debit card, or credit card), and select MAKE A PAYMENT.  For reason for payment, select ESTIMATED TAX, apply payment to 1040ES, and select the tax period for payment.

Next, you will need to verify your identity by selecting a previous tax year, and completing the information requested.   Once completed, you will be able to input your payment amount, payment date, and account information.

For more information regarding payments online with the IRS or to make a payment, please click the link below:

IRS Direct Pay

 

COLORADO

The Colorado Department of Revenue offers an Electronic Funds Transfer (EFT) tax payment service. You may use EFT to pay more than 50 types of business and personal tax liabilities.  This service can be used to pay your quarterly estimated taxes and your tax due at filing.  To use the EFT payment option, you must register with Colorado Revenue Online.

Registration with Colorado Revenue Online is a simple process.  After registration, you will be able to add an EFT account and make a payment.  After your EFT account has been set up, you will be able to  make a payment via EFT with no fee, via E-check with a fee, or via credit card with a fee.

For more information regarding EFT payments for Colorado, please click the link below:

Colorado EFT