Bank account

Forum|Forum|6 years ago
July 15, 2020
1 reply
3 views

Listen I owe a little taxes and they are supposed to take it out of my account today and the funds are not available the tried once I just need them to stop I have contacted the Government and got an extension I just can’t get though to them to stop trying to take it out

DoninGA

Level 15

Go to this IRS website to cancel a payment - https://www.irs.gov/payments/pay-taxes-by-electronic-funds-withdrawal

Once your return is accepted, information pertaining to your payment, such as account information, payment date, or amount, cannot be changed. If changes are needed, the only option is to cancel the payment and choose another payment method.
Call IRS e-file Payment Services 24/7 at 1-888-353-4537 to inquire about or cancel your payment, but please wait 7 to 10 days after your return was accepted before calling.
Cancellation requests must be received no later than 11:59 p.m. ET two business days prior to the scheduled payment date.
If a payment is returned by your financial institution (e.g., due to insufficient funds, incorrect account information, closed account, etc.) the IRS will mail a Letter 4870 to the address we have on file for you, explaining why the payment could not be processed, and providing alternate payment options.
In the event your financial institution is unable to process your payment request, you will be responsible for making other payment arrangements, and for any penalties and interest incurred.

There are no extensions for taxes owed. Taxes owed are due and payable on July 15, 2020. If paid after that date there will be a failure to pay penalty and interest on the unpaid taxes.

Go to this IRS payment website to pay federal taxes owed - https://www.irs.gov/payments