How to send money to the IRS from overseas and how to manage Tax Rebates

Settling a tax liability with the IRS from overseas can be challenging and issues such as payment delays, rejected transactions, or interest charges for late payments are common.

These problems often arise when banks cannot verify IRS account details or when payment references are entered incorrectly—critical for ensuring the funds are properly allocated to the correct tax period or form.

With years of experience handling payments to the IRS, we help prevent common issues and ensure deadlines are met. That’s why tax advisors worldwide trust us to assist their clients—providing peace of mind with efficient payment processing and cost savings when converting currency to US dollars.

Our simple guide outlines the whole process and the key elements involved:

This process only takes a couple of minutes to complete, and provides you with access to the platform and the unique multicurrency account details, which are importantly, in your chosen name. (Eg. Individual, Estate, Trust, etc.)

Register an Account

The exchange rate can be secured in advance, so that you know how much the tax bill is costing, or you can fund your account with the currency you plan on exchanging in advance and any funds remaining can be transferred back to your account at no cost.

If the rate is secured in advance, you will just need to fund your account so that we can settle the trade for the US dollars purchased.

Our experienced team will always be on hand to support and answer any questions!

Adding the IRS account details is the next step and this can be simply added under the ‘Beneficiaries’ function on your account.

For reference these can be found via the IRS ‘Foreign Electronic Payments Guide’ - https://www.irs.gov/individuals/international-taxpayers/foreign-electronic-paymentstax-type-codes

The IRS beneficiary details should be added in the following format:

Account Name: US Treas Single TX

Account Number: Client Tax Payer ID Number

ABA/Routing: 091036164

Address: Internal Revenue Service Center Austin, TX 73301-0010

Setting up the payment to the IRS is often the most daunting part if you haven’t gone through this process before, or if you’ve had payments fail in the past, however, we can ensure this goes smoothly and funds are credited and allocated to your account as intended.

When setting up the beneficiary, it’s vital that all of the required information is included in the ‘reference field’, and we often support clients with this stage, to provide peace of mind that everything is correct.

After following the ‘Pay’ function on the platform, the payment can be arranged and you will be prompted to select the amount you wish to send and to add the Payment Reference, which should be added in the order of:

1. Tax Payer ID
2. Taxpayer name control
3. Taxpayer name
4. Tax type
5. Tax year
6. Tax month/quarter

Example:

Once the payment has been dispatched, funds typically credit with the IRS within 1 hour, and the payment confirmation and payment tracking can be found via your platform.

As part of our service, we often contact the IRS on behalf of our clients to confirm that the funds have credited and have been allocated.

Summary of the transaction process of sending money to the IRS from your Fiber account.

Tax Rebates from the IRS

Receiving a tax rebate from the IRS can be a great feeling, but it can often be met with receiving a physical cheque if a nominated bank accoutn is not chosen, which can be challenging to find a bank able to facilitate it, and this often comes with high fees for processing.

We can provide named, local (US based) US dollar account details to our clients, which can mitigate the challenges caused by cheques issued by the IRS, or when you no longer have a bank account in the United States, which will save time and money.

When completing the rebate process with your Tax Advisor, these account details can be provided as the nominated bank account, and once the payment has been processed, funds will be allocated to your US dollar account efficiently and you will have control over when the Dollars are converted into the currency you require.