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I owe both federal and state tax for 2022, I have a ID me account, what option should I choose to make this payment?

Due to an ongoing error, I can't e-file now.

 

I want to pay directly to IRS first and claim "additional payment" under estimated tax payment so that I don't get charged with extra penalties and interest etc. 

 

However, I am not sure which option I should choose. Here are the ones available in my Id me account:

 

1. Pay 2022 Income Tax: Make a payment toward the expected income tax using your 2022 Form 1040 tax return. (If I chose this one, it just asks me to enter an amount)
2. Pay Towards a Balance (If I chose this one, it says "Income Tax - Form 1040" and asks me to select a year, then enter the amount)
3. Amended Return: Make a payment on a recently filed Form 1040X, Amended U.S. Income Tax Return. (I don't think I should choose this one)
4. Estimated Tax: Make estimated tax payments in advance of filing your return. (If I choose this one, the only option is 2023)
5. Extension: Make a payment to receive an extension to file your Form 1040 tax return without filing Form 4868. (I don't think I should choose this one)
6. Proposed Tax Assessment: Make a payment for a proposed amount due based on CP2000, Notice of Deficiency, or other proposed assessment. (I don't think I should choose this one)
 
Thank you very much!
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4 Replies

I owe both federal and state tax for 2022, I have a ID me account, what option should I choose to make this payment?

I want to pay directly to IRS first and claim "additional payment" under estimated tax payment so that I don't get charged with extra penalties and interest etc. This cannot be done ...nice try.  Use option one if you pay before you file and option 2 if you pay after you file.  The payment made after 1/15/23 will not be reported anywhere on the return. 

I owe both federal and state tax for 2022, I have a ID me account, what option should I choose to make this payment?

Hi @Critter-3 Thank you for your reply, however, I am confused by what you said "This cannot be done ...nice try."

 

Can you let me know which one of the three below can't be done exactly?

1. I want to pay directly to IRS first

2. claim this payment as "additional payment" under estimated tax payment

3. Do the above so that I don't get charged with extra penalties and interest etc. 

 

Also can you please let me know what is the difference between options 1 and 2? and if I do either, should I select pay by check when I file?

I owe both federal and state tax for 2022, I have a ID me account, what option should I choose to make this payment?

Can you let me know which one of the three below can't be done exactly?

1. I want to pay directly to IRS first   No one is stopping you. 

2. claim this payment as "additional payment" under estimated tax payment  This cannot be done ... the return will always show the balance due before this "advance payment".  

3. Do the above so that I don't get charged with extra penalties and interest etc.   You cannot stop the program from calculating an underpayment penalty since it is based on the payment being made by 1/15/23.  

I owe both federal and state tax for 2022, I have a ID me account, what option should I choose to make this payment?

@Critter-3 

 

Thank you for your answers. 

 

When estimating the penalty in Turbotax, it askes me when I am going to make the payment for the amount I owe and the penalty, I want to enter the date I use direct pay to pay on IRS website. This is the way I am stoping the calculation of the penalty. Are you saying this is not right?

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