E-filed in February and scheduled payment (wire transfer) for April. Subsequently got a corrected 1099-DIV from my brokerage which reduced my tax burden by $450 or so. E-filed the amended returns and was instructed to print out a 1040-V and mail it in along with payment (my original owed amount less $450).
Since I scheduled my original return to pay automatically via wire, do I need to mail in this payment voucher at all (and include a check)? Thinking no but worried the amendment somehow canceled my wire transfer for my original return.
tl;dr - E-filed and set to auto pay via wire but amended and now owe less. Do I need to do anything beyond filing the amended return?
You'll need to sign in or create an account to connect with an expert.
Did you efile your amended return? If you did not, it takes the IRS weeks to process paper returns. If you have the payment set up for April, it will draw the original amount unless the amended return is processed before the payment is due. The IRS will refund you the difference if the original payment is processed before the amended return is. Because there is time, you can call IRS e-file Payment Services 24/7 at 888-353-4537 to inquire about or adjust, or cancel your payment.
Cancellation requests must be received no later than 11:59 p.m. ET two business days prior to the scheduled payment date.
Did you efile your amended return? If you did not, it takes the IRS weeks to process paper returns. If you have the payment set up for April, it will draw the original amount unless the amended return is processed before the payment is due. The IRS will refund you the difference if the original payment is processed before the amended return is. Because there is time, you can call IRS e-file Payment Services 24/7 at 888-353-4537 to inquire about or adjust, or cancel your payment.
Cancellation requests must be received no later than 11:59 p.m. ET two business days prior to the scheduled payment date.
I did e-file the amended return and have received confirmation it was accepted.
Will I receive some additional confirmation once it's been processed? Sounds like it might be wise to call the IRS anyway.
Thanks for the response.
No, you won't receive additional confirmation, so you should probably call the number that Mary gave above to adjust the scheduled payment.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Sharonroe1643
New Member
RuelP
Level 2
matt_terry
Level 2
acosta_chancie
New Member
eytanhalaban
New Member