Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Returning Member
posted Aug 13, 2021 12:17:29 PM

I filed my taxes in May. I ended up owing about $1000.00. Turbo tax set up a payment plan for me, in two installments! However, I can't remember the dates and details.

Where do I find those dates so my

0 4 1168
4 Replies
Level 15
Aug 13, 2021 12:24:01 PM

You can view details of your current payment plan (type of agreement, due dates, and amount you need to pay) by logging into the Online Payment Agreement tool using the Apply/Revise button (see link below. make sure you use the right link. there is one for individual (that's you) and one for business).

What You Can Change Using the Online Payment Agreement Tool
You can use the Online Payment Agreement tool to make the following changes:

Change your monthly payment amount
Change your monthly payment due date
Convert an existing agreement to a Direct Debit agreement
Change the bank routing and account number on a Direct Debit agreement
Reinstate after default

 

 

https://www.irs.gov/payments/online-payment-agreement-application 

Returning Member
Aug 13, 2021 12:51:36 PM

ok I did what you said. Still nothing. IRS shows I have zero balance. I called, as they suggested, and the IRS said they are experiencing high call volume and they can not help me! Call back later, they say. Why is this so hard! Why cant Turbo Tax SHOW me the agreement we made. I can't seem to access anything. Boo.

Level 15
Aug 13, 2021 5:34:38 PM

Alright ... TT doesn't set up payment plans  and they are not ever just 2 payments.  So it sounds like you may have owed for the fed & state and you set up a payment for each taxing authority.  Proof of your payment will be in the account statement of the method you used to make the payment. 

 

Log in and Scroll down and click on ADD A STATE to let you back in the return then go to the PRINT CENTER and save a PDF of the return WITH all the worksheets then review the filing instruction pages for each return for the method you choose to pay the balance due. 

 

You can access your IRS tax account for your payment history and any scheduled or pending payments - https://www.irs.gov/payments/view-your-tax-account

Level 15
Aug 14, 2021 6:45:43 PM

I agree your situation is confusing, and you may want to review your documents and the instruction pages and print out with your completed tax return.

 

TurboTax can’t set up a payment plan. In the past,  TurboTax had the option to request a payment plan from the IRS, but requesting a payment plan in this method instead of requesting directly on the IRS website, carries a very high nonrefundable fee.  I believe that for 2020, and possibly 2019 as well, the payment plan option was removed from TurboTax and if you could not pay what you owed in full, TurboTax would recommend that you go directly to the IRS website and sign up for a payment plan. If you did this, you would get an instant answer as to whether the payment plan was approved and you would get instructions from the IRS on how to complete the payment plan. Payment plans always include a nonrefundable fee at the time of application, so you will need to make sure that you actually paid such a fee. If not, then you did not request a payment plan and you may be confused about what you actually did.

 

If you owed income tax on your 2020 tax return, TurboTax may have printed out vouchers to make estimated payments for your 2021 tax return. This is not a payment plan for your 2020 taxes, this is a way to make advanced payments to the IRS for next year’s taxes so that you don’t owe at tax time, because if you owe at tax time, you are usually be assessed a penalty with interest.  You aren’t required to use the vouchers, they are only a recommendation, and they will not take into account any changes to your tax situation. If you want to know whether you should make estimated payments to the IRS, you can use the withholding an estimated tax calculator at the IRS website.