topic Re: When will I know? in After you file

When will I know?

phillymike — Mon, 29 Mar 2021 17:06:50 GMT

I owed over $35,000 in taxes in 2020. When I completed my taxes, I signed a form to allow the government to withdraw the entire amount out of my checking account. To date, there has been no activity. How long does this typically take or should I be concerned?

Re: When will I know?

SweetieJean — Mon, 29 Mar 2021 17:14:48 GMT

owed over $35,000 in taxes in 2020. Do you mean in 2020, but for 2019? Or for 2020? If the former, see this:

IRS Backlog: 2.4 Million 2019 Tax Returns Still In Pipeline (forbes.com)

$35,000? Or do you mean $3,500? Or $350? If you really owe $35,000 on a personal tax return, the IRS is likely to pull your filing for a manual review. In general, though, unless you indicated a specific date, the payment is pulled on the due date of the return. In either case, it can still take the government a few days to do this.

Re: When will I know?

phillymike — Mon, 29 Mar 2021 17:19:45 GMT

I owed over $35 thousand in taxes for the tax year ending December 31, 2020. How do I know what day this is due, or is it the new due date that tax filings have been pushed back to?

Re: When will I know?

SweetieJean — Mon, 29 Mar 2021 17:46:59 GMT

The due date is May 17, 2021.

Re: When will I know?

phillymike — Tue, 30 Mar 2021 16:16:45 GMT

Thanks 😊