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Is "EXTERNAL WITHDRAWAL IRS - USATAXPYMT" fraud?

Written by Jemina Owen-Jones

April 18th, 2024

About "EXTERNAL WITHDRAWAL IRS - USATAXPYMT"

The Internal Revenue Service (IRS) is a governmental agency of the United States that operates under the Department of the Treasury. It was established in 1862, making it one of the oldest revenue agencies in the country. The IRS is responsible for enforcing tax laws and collecting federal income taxes from individuals and businesses. It provides a variety of tax-related services, including tax return processing, tax education, and tax dispute resolution.
  • EXTERNAL WITHDRAWAL: Indicates that the transaction is a withdrawal from an external source, not from within the same bank or branch.
  • IRS: Refers to the Internal Revenue Service, which is the United States federal agency responsible for tax collection and enforcement.
  • USATAXPYMT: Indicates that the withdrawal is for the purpose of tax payment in the United States.

    • Find & fight fraud from anywhere

    Verify With Receipt

    The best way to tell if this charge is fraudulent is to find the receipt. You may have an electronic copy of the receipt, which you can finding by searching in your email accounts for Internal Revenue Service.
    Or, if you want to automatically find and reconcile receipts so you never worry about fraud, you can use SimplyWise to automatically match all bank and credit card transactions to email and paper receipts. The app instantly reconciles your expenses and flags anything that doesn’t match.
    Step 1

    Connect your email

    Download the SimplyWise app and connect your email account. SimplyWise will search through your emails and find all the receipts in your inbox. This allows you to understand what exactly you are paying for when you see a bank transaction on your statement.
    Step 2

    Connect Your Bank

    Connect to your bank account/credit card transactions through the secure (256 bit encryption) Reconciliation feature within the app.
    Step 3

    Reconcile

    Reconcile the charges reported by your financial institution against what you’ve recorded in your SimplyWise account. Find fraud quickly! SimplyWise will match your transactions to your bank/credit card spending and check those items off.
    SimplyWise Community Comments
    Garrett Montgomery
    3 months ago
    Hey, had a similar charge on my statement once. Stay calm, contact your bank ASAP, they'll sort it out! Don't let it stress you out.
    Harrison Thompson
    3 months ago
    Saw this weird charge from EXTERNAL WITHDRAWAL IRS - USATAXPYMT on my statement last week. Anyone else dealt with this? What a headache! #fraudulentcharges