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Pay Your Taxes Online |
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If
you’ve tried to pay any kind of tax online, you know that while you may
be able to access the proper forms, payment cannot be transacted on the
Web. Now, some government agencies are one step closer to electronic
payments. In October a new Web site, Pay.gov will debut.
The site will be managed by Financial Management Service (FMS), which
collects more than $2 trillion in federal funds and pays out about $1.2
trillion annually, including tax refunds, security payments, and
veteran’s benefits.
“We leveraged our relationship with private banks and reached out to
Internet service providers to create a low-cost Web site that will enable
users to register once and subsequently transact with the government,”
said Stuart Eizenstat, deputy secretary of the Treasury.
When Pay.gov goes live, federal agencies will link to the Pay.gov site and
fee payers will be able to use their credit card or initiate an electronic
transfer to pay a variety of bills, such as taxes, licenses, and permits.
At first, only five agencies will be linked and Pay.gov will accept only
credit and debit payments, but the long-range plans include electronic
checks and ATM technology for most non-defense federal agencies.
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