2358251
I wasn’t sure if this should go in after file or not so I put it here
It is likely I may not finish paying my 2020 taxes with the payment plan by the end of 2021.
What do I report when it comes time to file my taxes? The original amount pre payment plan or what I have paid so far?
You'll need to sign in or create an account to connect with an expert.
You do not report the federal taxes owed or paid for a prior tax year on a federal tax return.
That is not reported on your income tax return.
You do not enter anything in your 2021 tax return about the federal tax you paid for your 2020 tax due. It is not deductible, and there is no place to enter anything on a new federal tax return about how much you paid the previous year. If you still owe on the payment plan, then any refund you could get for 2021 will be offset by the amount you still owe to the IRS. The IRS knows how much you owe, and will do the calculations.
Any refund you get in the future will be applied to your installment plan until the installment plan is paid off.
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.
dgurreri
New Member
basedday
New Member
Arkiewhale
New Member
realestatedude
Returning Member
borenbears
New Member