topic Re: IRS Extension 2020 in Get your taxes done using TurboTax

IRS Extension 2020

Robocop2020 — Tue, 26 Jan 2021 06:00:24 GMT

i directpay-ed on IRS with a reason "extension", payment type: 4868. I received an automatic confirmation number. Is this confirmation number the same as extension approval?

Re: IRS Extension 2020

Opus 17 — Tue, 26 Jan 2021 06:51:20 GMT

No, you must also file form 4868. Paying is not the same as filing the form. TurboTax is usually able to file a form 4868 electronically starting sometime in March.

Re: IRS Extension 2020

Robocop2020 — Tue, 26 Jan 2021 07:12:46 GMT

Hi,

I am a little bit confused. On the irs website, it says that you can file for automatic extension by making a direct payment and selection as a reason “extension”.
see below:

https://www.irs.gov/pub/irs-utl/oc-electronic-payment-and-automatic-extension.pdf

am I reading this wrong ?

Re: IRS Extension 2020

Opus 17 — Tue, 26 Jan 2021 13:47:42 GMT

@Robocop2020 wrote:

Hi,

I am a little bit confused. On the irs website, it says that you can file for automatic extension by making a direct payment and selection as a reason “extension”.
see below:

https://www.irs.gov/pub/irs-utl/oc-electronic-payment-and-automatic-extension.pdf

am I reading this wrong ?

You are correct, although this is something I never heard of before. I don't know when this started but it seems like a smart idea. Here is the IRS page instead of a press release.

https://www.irs.gov/forms-pubs/extension-of-time-to-file-your-tax-return

If you use Turbotax to file the 4868, TT will remember your payment and automatically apply it. If you made a separate payment, you will need to manually add the payment.