Block Out Payment Voucher For Free

Any written documentation supporting the entries reported in the account books, indicating the transaction's accounting accuracy, can be referred to as a voucher. For example, a bill, invoice, receipt, salary and wages sheet, pay-in-slip counterfoil, cheque book counterfoil, or trust deed.

Employers use Form 941 to: Report income taxes, Social Security tax, or Medicare tax withheld from employee's paychecks. Pay the employer's portion of Social Security or Medicare tax.

Form is used those who electronically files a tax return and is separately mailing payment for taxes not remitted with the tax form, when filed.

Payment vouchers are principally used to ensure payments are duly approved by the correct authorized personnel before payments are disbursed.

If you paid your IRS or state taxes online through TurboTax, there's no need to mail a payment voucher.Sending in a voucher without an accompanying check or money order is a waste of paper and postage and generates unnecessary work for the government. Related Information: How do I get Form 1040-V?

Why does the IRS want me to use a payment voucher? The IRS is modernizing its payment system. The Form 1040-V, "Payment Voucher," is part of the modernization. If you have a balance due on your tax return, using the payment voucher will help the IRS process your payment more accurately and efficiently.

The voucher is a document for recording liability while Invoice is a list of goods sold or services rendered, issued by the supplier to the customer when sales are made.Vouchers contain details of the total quantities, the total amount of the goods purchased and ledger to which it has been recorded.