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Level 1
June 6, 2019
Question

Do I have to mail in the 1040 V Payment Voucher if I elected to pay by direct debit?

  • June 6, 2019
  • 2 replies
  • 1 view
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2 replies

DoninGA
Level 15
Level 15
June 6, 2019

No.  If you elected to pay the taxes owed by direct debit from your bank account, then there is no need to mail the payment voucher, Form 1040-V.

Level 2
June 6, 2019
Turbo Tax should update is splash page to make it more relevant for Debit/Credit/ACH paying persons. It currently instructs the filer to mail it, but once you view the 1040-V, it states it is not necessary. This makes it a bit confusing for the filer.
March 5, 2020

I also just filed with an installment agreement request. I have gotten contradictory instructions from Turbotax. it is unclear to me whether on April 15 (my specified payment date) the "down payment" will be debited from my account, or whether I have to mail it with form 1040V as indicated by my email from TurboTax. 

 

Does anyone have a clue? This is incredibly irresponsible to leave hanging by Intuit.