topic Re: Extension in Get your taxes done using TurboTax

Extension

amouzadeh — Fri, 08 Oct 2021 16:51:28 GMT

I filed for an extension in May and line 6 on extension form (Balance due) was zero. I am filing now and owe taxes. Cannot find anyone from TurboTax to ask. Any ideas?

Re: Extension

xmasbaby0 — Fri, 08 Oct 2021 18:55:17 GMT

No one can see your tax return or your screen. We have no way to know how complete the data was that you entered when you requested your extension. If you did not owe any tax or were getting a refund, you did not even need an extension because you have three years to file if you are getting a refund or do not owe. However, if you owe, you do need to ask for an extension if you cannot file by the deadline, and you needed to pay your estimated tax due by the May 17 deadline. If you have now entered all of your information and you owe, then you need to pay what you owe when you file the return.

If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, having the payment taken out of a designated bank account, or you can pay directly on the IRS website.

https://www.irs.gov/payments/direct-pay

https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212

https://ttlc.intuit.com/community/tax-payments/help/how-do-i-pay-my-irs-tax-due-with-a-check-or-money-order/00/26403

You must pay your state tax due using the state’s preferred method of receiving payment. For most states that will be by making a payment to the state’s own tax website, or by mailing a check or money order.

https://ttlc.intuit.com/questions/1900884-what-are-my-options-for-getting-my-state-refund-or-for-paying-any-state-taxes-i-owe

https://ttlc.intuit.com/questions/1901670-how-do-i-contact-my-state-department-of-revenue

To apply for a payment plan with the IRS

Apply Online for a Payment Plan

Re: Extension

xmasbaby0 — Fri, 08 Oct 2021 19:28:33 GMT

@amouzadeh You say line 6 on your Form 4868 was zero. What did you have on lines 4 and 5?

Re: Extension

amouzadeh — Fri, 08 Oct 2021 21:48:34 GMT

Line 5 was larger than line 4.

Re: Extension

VolvoGirl — Fri, 08 Oct 2021 21:52:27 GMT

Then you should be getting a refund. Did you enter all your payments into your tax return? Do you agree with line 5? From withholding and estimated payments? You must not have added up all your income right and got the wrong amount on line 4.

Re: Extension

fanfare — Fri, 08 Oct 2021 23:50:56 GMT

Always print a copy of your completed tax return for your records, and review it carefully before e-Filing.
You will need it if you are audited by the IRS, or to amend if a TurboTax update changes your return or for any other reason,
SUCH AS, .... to find out why you owe tax instead of getting a refund.

AND, to find your AGI next year.

If you still can't figure it out, put the paper copy in your desk for three days. Come back and review it again. Inevitably, you will find some error.