IRS site to accept tax returns, payments

The Treasury Department will unveil Thursday a system to let companies and individuals file tax returns and pay taxes via the Internet, Deputy Treasury Secretary Ken Dam said, according to the Wall Street Journal’s online edition on Wednesday.
The system also will allow taxpayers to check the status of their taxes anytime on the Web, and to have quarterly estimated taxes deducted automatically from their bank accounts, the report said. The step attempts to move the notoriously bureaucratic Internal Revenue Service closer to a long-sought goal of becoming more like banks and credit-card companies in this regard, the article said. –Reuters