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IRS payment options ease tax deadline burden
The Internal Revenue Service offers several ways to meet tax obligations including an installment plan for those unable to pay in full. Options include checks or money orders payable to United States Treasury, electronic funds withdrawal, and credit card payments through approved processors with fees handled by private companies. The streamlined installment process applies up to 25,000 dollars over five years with a 43 dollar setup fee, and interest at six percent daily compounded plus a late payment penalty.
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