Article
"Credit Or Debit?": IRS Issued Final Regulations Simplifying Tax Payments By Credit Or Debit Card
The U.S. Department of the Treasury and IRS have issued final regulations allowing the IRS to accept tax payments directly by credit or debit card without requiring third-party payment processors. These regulations, implementing changes under the Taxpayer First Act, create a framework for potentially streamlining how individuals and businesses pay their federal taxes while the IRS seeks to minimize processing fees.
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