Made a mistake on my filed return. Can I prevent the IRS from Deducting from my bank account

[Mike0228]

I e-filed my 2020 return (federal and CA state). I ended up owing for taxes to both federal and state. However, after I filed, I discovered a mistake. After correcting the mistake, I no longer owed money. They owe me. However, I set up for the IRS and CA to automatically deduct the incorrect taxes owed electronically from my bank account on 4/15/2021. I'm trying to file an amended return on Turbo Tax but I keep getting the message that the IRS is not ready for 2020 amended returns. I'm trying to avoid having them deduct from my checking account, since it's VERY difficult to get money back from them once they've taken it. So, my question is: would there be trouble for me from the IRS if I block them from deducting the amount that has been set up for automatic deduction? My credit union can block them if I request it. I will file an amended return when I am allowed to. Please help.  Thanks

[macuser_22]

If accepted then you cannot change anything. 

Amending will not help since it takes 6 months to process amended returns and you cannot put bank information on an amended return anyway.

[macuser_22]

The amend function will be available after March 25.

If you filed, it is like dropping it into the mail - you cannot get it back if accepted by the IRS or state.

Do not rush to amend - no hurry. You have 3 years to amend and amended returns are taking 4-6 months or longer to be processed so waiting a few weeks will make little difference and amending too soon might just compound the problem.


To amend your 2020 tax return:

-- First, *wait* to see if your return has been accepted or rejected by the IRS or state. DO NOT do anything until you receive the accept or reject e-mail.

-- If rejected, you can correct and re-send your return.

-- If accepted you should *wait* until your return has been processed and you receive your refund or conformation that any tax due has been paid. (If you file an amended return while you first return is being processed it can cause extended delays for both returns if two returns are in the system at the same time). In addition, if the IRS makes any change on your original return, you might end up having to amend the amendment – a sticky process that can take a year or more).

-- Then you can start the amend process.

It is suggested that it be mailed certified with return receipt (or other tracking service) to verify that the IRS receives it. That is the only proof of mailing that the IRS will accept.

-- Amended returns can be mailed or e-filed - allow 8-12 weeks - can take up to 16 weeks (4 months) for processing.


See this TurboTax FAQ for help with amending:

https://ttlc.intuit.com/questions/1894381-how-to-amend-change-or-correct-a-return-you-already-filed

You can check the status of your amended return here but allow 3 weeks after filing for it to show up:
https://www.irs.gov/filing/wheres-my-amended-return

[DoninGA · Accepted solution]

If you wish to cancel the payment for the California taxes owed, see this FTB website - https://www.ftb.ca.gov/pay/electronic-funds-withdrawal.html#:~:text=You%20may%20cancel%20the%20payme....

If you wish to cancel the payment for the federal taxes owed, see this IRS website - https://www.irs.gov/payments/pay-taxes-by-electronic-funds-withdrawal

• Once your return is accepted, information pertaining to your payment, such as account information, payment date, or amount, cannot be changed. If changes are needed, the only option is to cancel the payment and choose another payment method.
• Call IRS e-file Payment Services 24/7 at 1-888-353-4537 to inquire about or cancel your payment, but please wait 7 to 10 days after your return was accepted before calling.
• Cancellation requests must be received no later than 11:59 p.m. ET two business days prior to the scheduled payment date.

[Mike0228]

Thank you. That is exactly what I needed.