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Community Manager

Official COVID-19 (Coronavirus) and extension thread

For the latest updates, refer to this article: https://ttlc.intuit.com/community/articles/community-news-announcements/is-the-tax-deadline-delayed-...

 

This Help Article is also available for reference:

How are my taxes affected by Covid-19?

 

Post your questions here for expert answers to help us guide each other during these unprecedented times.  

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Level 15

Official COVID-19 (Coronavirus) and extension thread

@Jr1997 

Since you filed a 2019 return, the IRS will use the information from your 2019 return to receive the stimulus check.  Since you were not a dependent on someone else's tax's return for 2019 you should receive the stimulus check if you qualify.  

 

This is who is eligible for a stimulus payment

The amount you'll receive will depend on your total income in 2019 or 2018. If you qualify, you'll receive one payment. Here's who qualifies:

 

  • If you're a single US resident and have an adjusted gross income less than $99,000
  • If you file as the head of a household and earn under $146,500
  • If you file jointly without children and earn less than $198,000

How much you'll get as a single taxpayer

A single US resident must have a Social Security number and an AGI under $75,000 to receive the full amount of $1,200. The sum decreases as your AGI goes up. If your adjusted gross income reaches $99,000, you won't be eligible for the stimulus. 

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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Level 15

Official COVID-19 (Coronavirus) and extension thread

@kayencinias If the IRS processes his 2019 return before the stimulus money is set, then he will get the dependent stimulus money.  If they don't process his 2019 return, then they will use your 2019 return for you & his 2018 return for him.

 

The stimulus money is an  ‘advance’ to a special tax credit that’ll appear on the tax return you file in 2021 for the 2020 tax year — a tax credit that wouldn’t have been there if it wasn’t for these stimulus checks. You can still get it on your 2020 tax return filed in 2021.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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Level 15

Official COVID-19 (Coronavirus) and extension thread

You can't blame TurboTax for glitches in the IRS Get My Payment.  TurboTax has nothing to do with the IRS app.  The following is from the IRS.

 

 

The Get My Payment application will return "Payment Status Not Available" for several reasons, including:

  • You are required to file a tax return, but:
    • We haven't finished processing your 2019 return
    • The application doesn't yet have your data; we’re working on adding more data to allow more people to use it.
  • You don't usually file a return, and:
    • You used Non-Filers: Enter Payment Info Here but we haven’t processed your entry yet
    • You receive an SSA or RRB Form 1099 or SSI or VA benefits; information has not been loaded onto our systems yet for people who don’t normally file a tax return.
    • You’re not eligible for a payment (see Eligibility).

We update Get My Payment data once per day, overnight so there is no need to check more often. If you are eligible for a payment and have provided your information either through a recent tax return or the Non-Filers: Enter Payment Info Here application, please check back for updates.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

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347 Replies
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Level 1

Official COVID-19 (Coronavirus) and extension thread

I'm nearly done with my tax return. Since I owe a few thousand bucks, I need set up a direct debit payment date.

 

According to TurboTax's On Demand Tax Guide, "the requested payment date should not be later than April 15, 2020".

 

Since Treasury Secretary Steven Mnuchin just announced that the IRS will waive interest and penalty charges for 90 days for Americans who owe up to $1 million in taxes. Does this mean that I can safely set the direct debit payment date to some time in July, say, July 15th?

 

Thanks!

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Level 1

Official COVID-19 (Coronavirus) and extension thread

I have the same question

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Level 15

Official COVID-19 (Coronavirus) and extension thread


@hyfeng wrote:

I'm nearly done with my tax return. Since I owe a few thousand bucks, I need set up a direct debit payment date.

 

According to TurboTax's On Demand Tax Guide, "the requested payment date should not be later than April 15, 2020".

 

Since Treasury Secretary Steven Mnuchin just announced that the IRS will waive interest and penalty charges for 90 days for Americans who owe up to $1 million in taxes. Does this mean that I can safely set the direct debit payment date to some time in July, say, July 15th?

 


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.)

 

Second, you should expect that if the IRS changes the payment deadline, it will take at least 2 weeks to program the change into Turbotax and release a new update.  

 

What you can do now is select in Turbotax, "I will pay by mail."  Then whenever you are ready, mail a check or make a direct payment at the IRS web site irs.gov/payments.  You can pay be direct debit from your bank account for free, or use a credit card and pay a service charge.  It would be your responsibility to pay "on time", whatever that turns out to be. 

*Answers are correct to the best of my ability but do not constitute legal or tax advice.*
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Level 7

Official COVID-19 (Coronavirus) and extension thread

CNBC is reporting on March 17  that there will be a 3 month delay

https://www.cnbc.com/2020/03/17/treasury-and-irs-to-delay-tax-deadline-by-90-days.html

Disclaimer: Not a tax professional. Information gathered from internet links. Anything dated in June 2019 was posted in prior years and is before the 2019 limits and changes.
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Level 15

Official COVID-19 (Coronavirus) and extension thread


@Bees wrote:

CNBC is reporting on March 17  that there will be a 3 month delay

https://www.cnbc.com/2020/03/17/treasury-and-irs-to-delay-tax-deadline-by-90-days.html


Yes but there are unanswered questions.  It won't be official until the IRS releases a notice, and it will still take time for Turbotax to program a change to allow a debit date post-4/15. 

*Answers are correct to the best of my ability but do not constitute legal or tax advice.*
**If a post answers your question, choose it by clicking on "Mark as Best Answer".**
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New Member

Official COVID-19 (Coronavirus) and extension thread

I have already filed my taxes and owe to the Feds.  I put in a date of 4/15 to have monies withdrawn from my account.  If we do get the delay to pay, will I be able to change this date?

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Level 15

Official COVID-19 (Coronavirus) and extension thread


@vltouchstone wrote:

I have already filed my taxes and owe to the Feds.  I put in a date of 4/15 to have monies withdrawn from my account.  If we do get the delay to pay, will I be able to change this date?


It is just to soon to be able to answer that question.  Within a day or two the information will be released and we all will know the particulars.

My personal opinion is that no you cannot change the date since the tax return has already been filed and accepted by the IRS.  You would have to cancel the payment and then pay the taxes owed at later date on or before July 15, 2020.  But we all will have to wait and see for the exact instructions from the IRS.

 

See this TurboTax blog post for the latest TurboTax information - https://blog.turbotax.intuit.com/tax-news/is-the-tax-deadline-delayed-what-to-know-about-coronavirus...

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Employee Tax Expert

Official COVID-19 (Coronavirus) and extension thread

At this point, we don't know.

 

We do not currently have the capability to change the auto debit date, or enter a date after 4/15.

 

An announcement will be made when we do.

 

@vltouchstone

 

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Level 15

Official COVID-19 (Coronavirus) and extension thread


@vltouchstone wrote:

I have already filed my taxes and owe to the Feds.  I put in a date of 4/15 to have monies withdrawn from my account.  If we do get the delay to pay, will I be able to change this date?


There is no way in Turbotax to change the date once you have transmitted your return. 

 

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. 

 

 

*Answers are correct to the best of my ability but do not constitute legal or tax advice.*
**If a post answers your question, choose it by clicking on "Mark as Best Answer".**
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Level 15

Official COVID-19 (Coronavirus) and extension thread

  • 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.
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Level 7

Official COVID-19 (Coronavirus) and extension thread

@hyfeng   You can say that you are paying by check and then wait until last minute to see what regulations will be.  Then use https://www.irs.gov/payments  . 

Disclaimer: Not a tax professional. Information gathered from internet links. Anything dated in June 2019 was posted in prior years and is before the 2019 limits and changes.
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New Member

Official COVID-19 (Coronavirus) and extension thread

I filed my taxes , had them accepted and set up my bank to have the money I owe taken out 4/15. How do I go about defer payment for that extra 90 days. Will TurboTax have a procedure in place to do that???

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Level 15

Official COVID-19 (Coronavirus) and extension thread

The IRS already had a method in place ... has for years ... once you have successfully filed Turbotax is no longer involved so expect no help from them ...

 

  • 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.
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Level 1

Official COVID-19 (Coronavirus) and extension thread

what if you e-filed already,IRS accepted and you set up a direct debit for 4/15/20 for the amount you owe and you want to change the direct debit date to 7/15/20  as per the government/IRS proclamation? What is the procedure to get that accomplished?