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Payment holdup.

I filed my taxes back on April 8th 2022, it is now May 1st and I am still waiting for funds to leave my bank account. After research I see it should have only taken 5-7 business days. What's the hold up? Is there something wrong?

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2 Replies

Payment holdup.

 

If you successfully efiled  ... it can be one of 3 reasons :

 

1) the debit info you sent is incorrect ... expect an IRS letter 

 

If you selected Direct Debit from your bank account to pay the Federal taxes owed, that information was sent with your e-filed federal tax return.

 

Look at the Federal Information Worksheet in Part V.  The bank name, routing number, account number and the date you selected to pay the taxes owed will be entered.  If you did not select Direct Debit from your bank account then nothing will be in Part V.  Look on your Federal Filing Instruction page for how you selected to pay the Federal taxes owed.

                                                                                                                                      

To access your current or prior year online tax returns sign onto the TurboTax website with the userID you used to create the account - https://myturbotax.intuit.com/

 

When you sign onto your online account and land on the Tax Home web page, scroll down and click on Add a state. 

 

This will take you back to the  online tax return.

 

Click on Tax Tools on the left side of the online program screen.  Then click on Print Center.  Then click on Print, save or preview this year's return.  Choose the option Include government and TurboTax worksheets

 

For the State taxes owed the same type of information will be on the State Information Worksheet in Part V of the worksheet and on the State Filing Instructions page.

However most states, if not all, do not allow state taxes owed to be paid by Direct Debit when using tax preparation software.  They require the payment by Direct Debit only when using the State tax authorities website.

 

 

2) the IRS just has not gotten around to it yet  or  your bank/CC has not posted it yet.

 

When will my tax payment go through?

(If you’re filing your taxes on 4/18/22 and are having direct debit issues, go here.)

 

During non-peak times, funds are usually withdrawn on the payment date you specify, assuming your e-filed return has already been accepted (received) by the IRS.

 

If that date happens to fall on a weekend or federal holiday, the funds are typically withdrawn the next business day.

 

Now, if you filed right before (or on) the busy 4/18/22 deadline, the IRS may not be able to debit your payment until after the deadline, due to high e-filing volume. In addition, it can take your bank another few days to post the debit to your account.

 

No worries; as long as you filed your return or extension on or before 4/18/22 and you selected 4/18/22 (or earlier) as your payment date, you won't get penalized for late payment. 

 

In the meantime, keep an eye on your bank account — if you still don't see the debit 7–10 days after your return has been accepted, call IRS e-file Payment Services at 1-888-353-4537 or contact your state tax agency, as appropriate.

 

  

3) You requested a payment plan ...

 

Payment plans take weeks to approve so the payment will not happen until then ... they will send you a letter when they decide but for now you can expect the payment to happen anytime now ...  OR  you can make payments directly on the IRS web site now ...https://www.irs.gov/payments

 

Payment holdup.

It took the IRS 8 weeks to process my payment. I was a nervous wreck but I know how backlogged IRS is so I waited it out and it finally cleared  but was posted retroactively to the date received. 

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