Lahti, Lahti & O'Neill, P.C. Blog

Monday, April 11, 2016

Federal Tax Payments at 7-Eleven?

By Michael T. Lahti

Tax Analysts reported that in addition to buying Slurpees, cigarettes, and snacks at 4 a.m., taxpayers will now be able to pay their tax bills in cash at one of 7,000 7-Eleven stores across the United States.

"We continue to look for new ways to provide services for our taxpayers," IRS Commissioner John Koskinen said. "Taxpayers have many options to pay their tax bills by direct debit, a check or a credit card, but this provides a new way for people who can only pay their taxes in cash, without having to travel to an IRS Taxpayer Assistance Center."

The drawbacks of the program are that it is active only at participating 7-Eleven stores in 34 states, payment transactions are accompanied by a $3.99 fee, and there's a $1,000 limit per day. It also takes longer for the IRS to process payments this way and requires taxpayers to follow a three-step process that involves preregistering before heading to a local 7-Eleven.

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