Message Board › Change payment schedule for already e-filed tax returns
- This topic has 3 replies, 3 voices, and was last updated 2 weeks ago by Lynn Freer.
March 22, 2020 at 3:24 pm #224533Larry PonParticipant
For those who have already e-Filed their 2019 tax return, with a balance due scheduled to be withdrawn from their bank account on 4/15/20, taxpayers are advised to cancel e-file payment currently due by calling the US Treasury Financial Agent at 1-888-353-4537.
Then go to http://www.irs.gov/directpay and reschedule a payment for 07/15/2020
This also applies for clients who have already scheduled their estimated payments for 4/15 and 6/15.
I personally have not tried this.
If anyone does this, please let us know how long it took and whether it was very difficult.
I am not volunteering to do this. If they insist, I told them I will charge them for the time it takes to do this. That cost will outweigh any interest they will make by delaying the payment.
March 22, 2020 at 5:14 pm #224550Cristina ParkParticipant
I have had to use this number in the past when a client’s bank account was compromised and we needed to cancel his estimated payments that were set up when we transmitted the return. It was relatively quick and painless. The IRS personnel that man this service prefer it when the tax pros make the call because we generally have all of the necessary information and the process can be done quickly.
I am sure it will not be as easy right now with many tax pros and taxpayers making those requests.
BTW, FTB has a similar service that was also fairly easy and quick.
I have also not volunteered to do this (it would take up a lot of time) but told clients I would charge my normal hourly fee for the time. I offered them the phone number and they can decide to do it themselves if they wish.
March 22, 2020 at 7:20 pm #224565Larry PonParticipant
What is the number for the FTB?
I’ve done this through the Practitioner Hotline when the client clicks on the wrong year and we need to move the payments. Very time consuming process and tough to get clients to appreciate our efforts.
March 23, 2020 at 7:41 am #224578Lynn FreerParticipant
FTB is working on a process but don’t have it yet