Proposed regulations: Amended guidance regarding payment of tax by commercially acceptable means
Would allow the IRS to directly accept payments of tax by credit or debit card
Would allow the IRS to directly accept payments of tax by credit or debit card
The U.S. Treasury Department and IRS today released proposed regulations (REG-120137-19) that would amend existing regulations regarding the payment of tax by commercially acceptable means.
The proposed amendments would reflect changes to the law made by the Taxpayer First Act that would allow the IRS to directly accept payments of tax by credit or debit card, without having to connect taxpayers to third-party payment processors.
The proposed regulations are proposed to apply to payments of taxes and reimbursement fees made on or after the date the final regulations are published in the Federal Register.
Comments and requests for a public hearing on the proposed regulations are due by September 3, 2024.
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