Over the summer, the IRS launched two new electronic services, Direct Pay and Get Transcript, to help expedite and simplify the processes. Direct Pay allows taxpayers to pay tax bills or make estimated tax payments. It also allows taxpayers to set up payments up to 30 days in advance and check the status of pending payments. Get Transcript allows taxpayers to obtain a record of their IRS account.
Direct Pay allows you to pay your individual tax bill or estimated tax payment directly from your checking or savings account at no cost. You will receive instant confirmation that your payment was submitted, and your bank account information is not retained. There are five steps to making a payment.
Get Transcript allows you to view and print your transcript immediately or request it to be mailed to you. You can choose from Tax Return, Tax Account, Record of Account or Wage and Income transcripts. IRS transcripts are often needed to validate income and tax filing for mortgage applications, student and small business loans and during tax preparation (IRS, 2014). There are six steps to getting a transcript.
If you file your tax return electronically, it will take about three weeks before the tax transcript will be available. If you mailed in a paper copy, it takes about six weeks.
You will need the following information to verify your identity.
If you need additional guidance with Direct Pay, visit http://www.irs.gov/Payments/Direct-Pay-Help or for Get Transcript, visit http://www.irs.gov/Individuals/Get-Transcript-FAQs.
IRS. (2014, October 16). Get Transcript. Retrieved from Internal Revenue Service: http://www.irs.gov/Individuals/Get-Transcript