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evo4359
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How do I take advantage of Corona tax relief extension if I already filed and have electronic payment set up for april 15?

 
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How do I take advantage of Corona tax relief extension if I already filed and have electronic payment set up for april 15?

First, nothing is official yet, despite the president's announcement.  Watch the IRS web site here

https://www.irs.gov/coronavirus

 

or Turbotax's blog here,

https://ttlc.intuit.com/community/articles/community-news-announcements/is-the-tax-deadline-delayed-...

 

What has been proposed is a delay of the payment deadline if you owe a payment, but not a delay of the filing deadline.  (But nothing is official yet.)

 

 

The IRS has a phone number to cancel or change payment dates, assuming that someone answers.

https://www.irs.gov/payments/pay-taxes-by-electronic-funds-withdrawal

 

You could also ask your bank to block the withdrawal, and then mail a check or make a payment on the IRS web site before the new deadline.  But the IRS will charge you a "bounced check fee" if they try to make an electronic withdrawal and it is blocked. 

How do I take advantage of Corona tax relief extension if I already filed and have electronic payment set up for april 15?

As I understand it, once you set up a Direct Debit, the date cannot be changed. But the payment CAN be canceled up until 2 days prior to the scheduled date. I just called the EFTPS number [phone number removed]) and got through right away to a very helpful representative. I had to confirm my SS#, the amount of the payment, and my bank routing and account numbers. She then canceled the payment and gave me a confirmation number. For the payment which will now be due on July 15 she said I could either mail a check or go to EFTPS.gov to set up a payment, or call the same number and set up a payment over the phone.

How do I take advantage of Corona tax relief extension if I already filed and have electronic payment set up for april 15?

You will have to cancel the payment and then pay the federal taxes owed on the IRS payment website on or before July 15, 2020.

 

IRS website for information on canceling a direct debit 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.

Go to this IRS payment website and choose Direct Pay - https://www.irs.gov/payments

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