Line 69 - Amount You Owe
You do not have to pay if Line 69 is under $1.
Include any estimated tax penalty from Line 70 in the amount you enter on Line
You can pay by check, money order, or credit card. Do not include any
estimated tax payment in your check, money order, or amount you charge.
Instead, make the estimated tax payment separately.
To pay by check or money order. Make your check or money order payable to the
“United States Treasury” for the full amount due. Do not send cash. Do not attach the
payment to your return. Write “2000 Form 1040” and your name, address, daytime
telephone number, and social security number (SSN) on your payment. If you are filing
a joint return, enter the SSN shown first on your tax return.
To help us process your payment, enter the amount on the right side of the check
like this: $ XXX.XX. Do not use dashes or Lines (for example, do not enter “$ XXX-” or
“$ XXX XX/100”).
Then, please complete Form 1040-V
following the instructions on that form and enclose it in the envelope with your
payment. Although you do not have to use Form 1040-V, doing so allows us to process
your payment more accurately and efficiently.
To Pay by Credit Card. You may use your American Express Card, Discover Card, or
MasterCard card. To pay by credit card, call toll free or access by Internet one of
the service providers listed on this page and follow the instructions of the provider.
A convenience fee will be charged by the service provider based on the amount you are
paying. Fees may vary between the providers. You will be told what the fee is during
the transaction and you will have the option to either continue or cancel the
You can also find out what the fee will be by calling the provider's toll-free
automated customer service number or visiting the provider's Web Site shown below.
If you paid by credit card, enter on page 1 of Form 1040 in the upper left corner
the confirmation number you were given at the end of the transaction and the amount
you charged (not including the convenience fee).
Official Payments Corporation
1-877-754-4413 (Customer Service)
1-877-851-9964 (Customer Service)
You may need to (a) increase the amount of income tax withheld from your
pay or (b) make estimated tax payments for 2001. See Income Tax
Withholding and Estimated Tax Payments for 2001 on
What if You Cannot Pay?
If you cannot pay the full amount shown on Line
69 when you file, you may ask to make monthly installment payments. You may have up to 60 months to pay. However, you will be charged interest and may be charged a late payment penalty on the tax not paid
by April 16, 2001, even if your request to pay in installments is granted. You must also pay a fee. To limit the interest and penalty charges, pay as much of the tax as possible when you file. But before requesting an installment agreement, you should consider other less costly alternatives, such as a bank loan.
To ask for an installment agreement, use Form 9465. You should receive a response to your request for installments within 30 days. But if you file your return after March 31, it may take us longer to reply.
Line 70 - Estimated Tax Penalty
You must include household employment taxes reported on Line 56 to see if
you owe the penalty if Line 58 is more than zero or you would owe the penalty
even if you did not include those taxes. But if you entered an amount on
Schedule H, Line 7, include the total of that amount plus the amount on Form
You may owe this penalty if:
- Line 69 is at least $1,000 and it is more than 10% of the tax shown on your return, or
- You did not pay enough estimated tax by any of the due dates. This is true even if you are due a refund.
For most people, the “tax shown on your return” is the amount on Line 57 minus the total of any amounts shown on Lines
60a and 62 and Forms 8828, 4137, 4136, and 5329 (Parts III, IV, V, VI, and VII only).
Exceptions. You will not owe the penalty if your 1999 tax return was for a tax
year of 12 full months AND either of the following applies.
- You had no tax liability for 1999 and you were a U.S. citizen or resident for all of 1999, or
- The total of Lines 58, 59, and 61 on your 2000 return is at least as much as the tax liability shown on your 1999 return. Your estimated tax payments for 2000 must have been made on time and for the required amount.
If your 1999 adjusted gross income was over $150,000 (over $75,000 if
your 2000 filing status is married filing separately), item 2 above
applies only if the total of Lines 58, 59, and 61 on your 2000 return is
at least 108.6% of the tax liability shown on your 1999 return. This rule
does not apply to farmers and fishermen.
Figuring the Penalty
If the Exceptions above do not apply and you choose to figure the penalty yourself,
see Form 2210 (or
2210-F for farmers and fishermen) to find out if you owe the penalty. If you do, you
can use the form to figure the amount. In certain situations, you may be able to lower
your penalty. For details, see the Instructions for Form 2210 (or 2210-F). Enter the
penalty on Form 1040, Line 70. Add the penalty to any tax due and enter the total on
Line 69. If you are due a refund, subtract the penalty from the over-payment you show
on Line 66. Do not file Form 2210 with your return unless Form 2210 indicates that you
must do so. Instead, keep it for your records.
Because Form 2210 is complicated, if you want to, you can leave Line
70 blank and the IRS will figure the penalty and send you a bill. We
will not charge you interest on the penalty if you pay by the date
specified on the bill.
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