Thanks for the tip on a 1040 V. However, perhaps I need to restate my complicated question (which I did try to make simple). I have a complicated tax situation and my wife and I have to review the numbers very carefully and each of us have limited time until perhaps August 15 (anticipated filing day). We now know that we will owe a few thousand dollars in addition to all of the witholding, two 1040ES and one payment with the extension. What I want to do is pay now in large (4000$ or so) excess of the expected amount due in order to stop interest payment penalties and any other penalties I am unaware of.
So: A 1040V looks like an interesting option EXCEPT the instructions for the 1040V state "It is a statement you send with your check or money order for any balance due on the "Amount you owe" line of your 2024 form 1040. This is all fine and well but I will not know with more than +/- $2000 dollar accuracy what that number is until at least August 15. I intend (or at least wish) to OVERPAY to give the IRS and obligation to pay me back within the next few days.
So there is now a new question. If I pay a 1040 V in the next few days online or in the mail - How and where do I enter this in my final version of Turbotax Premier so that the IRS will know how much to refund to me?
Or perhaps said differently, in case I guess wrong in my first 1040V filing, can I send a second, or a third 1040V?
Basically, I do not want to be nickeled and dimed by the IRS and have them charge me for two dollars (or so) after they receive my return and decide to ignore the fact that the check was sent by certified mail and hence charge me for interest in the time it took them to cash the check.
In reality, I am probably moving - and past experience says that not all correspondence catches up.
So quite simply, I wish to over pay my tax bill in advance and report that overpayment on my 1040 AFTER the payment is sent and require the IRS to issue a refund (which I can do with 1040ES). Does the 1040V have the same option, and where do I input this in my final Turbotax version of my 1040?
Thanks in advance for any help.
John the retiree
