Form 1040-V is an essential payment voucher for individuals who owe taxes for the 2024 tax year. This form is primarily used by taxpayers sending a check or money order to the IRS for the balance due on their tax return, specifically for Form 1040, 1040-SR, or 1040-NR. If you are an individual who needs to pay your tax balance, this form is for you.
To successfully complete Form 1040-V, you will need to fill out several key sections:
- Line 1: Enter your social security number (SSN). If you are filing jointly, put the SSN of the first person listed on your return.
- Line 2: If applicable, include the SSN of your spouse.
- Line 3: Indicate the amount you are paying by check or money order. If you choose to pay electronically, you do not need to complete this form.
- Line 4: Provide your name(s) and address exactly as shown on your tax return, ensuring clarity.
Here are some helpful tips and important notes for completing Form 1040-V:
- Make your payment payable to “United States Treasury” and avoid sending cash.
- Clearly print your name and address on your check or money order, and include your daytime phone number and SSN.
- If submitting a check of $100 million or more, split your payment into smaller checks, as the IRS cannot accept a single payment of that size.
- Mail your completed Form 1040-V, along with your payment and tax return, un-stapled and loose in an envelope to the appropriate IRS address listed on the back of the form.
Don’t forget! Paying online is a fast and secure option. For more details or to make an electronic payment, visit www.irs.gov/Payments.
Ready to take action? You can fill out, sign, and download Form 1040-V right now on this page! Ensure your tax payments are submitted accurately and on time.