e-filing with taxes due

Forum|Forum|4 years ago
October 10, 2021
1 reply
1 view

I filled out form 4868 extension to file federal return incorrectly, indicating that I owed 0. But I actually did owe and should have paid with the 4868. Had I done this, I would have owed 0.

I am ready to e-file my federal return. Can I make a payment at that time? What about the interest that I owe? Will that stop accruing if I pay the balance in full? Anything else I need to know?

Thanks

rjs

Level 15

Yes, you can make a payment when you file your tax return. TurboTax will give you a choice of ways to pay. Read the choices carefully.

The interest will stop accruing when you pay the tax that you owe. There might be a penalty on line 38 of your Form 1040, which is included in the total amount you have to pay. The IRS will send you a bill for interest and any additional penalties. If the amount is small, they might not bother to bill you.

Mitzy20Author

Level 5

can I make a payment directly on the IRS's website instead of with the e-file?

I think I can.

Critter-3

Level 15

Sure ... the IRS will take your money that way happily. In the TT program choose to "mail in a check" in the FILE tab then don't mail in a check ... pay online instead.