IRS Proposes Rules on Direct Credit and Debit Card Tax Payments

The IRS issued proposed regulations to allow the agency to directly accept tax payments by credit or debit card, without requiring a reliance on third-party payment processors.

The proposed regulations (REG-120137-19; RIN 1545-BP66) were issued Monday.

• The regulations are amendments to rules on the payment of tax by commercially acceptable means, and would reflect changes to the law made by the Taxpayer First Act.
• The IRS currently utilizes third-party processors which charge fees to process credit-card and debit-card payments of taxes.
• Comments on the proposed regulations are due Aug. 31.