Hello and welcome to anther #WisdomWednesday blog post. This post is an extremely important post and it discusses how you can change and or cancel the payment that you have scheduled for April 15th, 2020 being that the tax filing date has been extended to July 15th, 2020. Here is what you need to know according the Proseries newest update:
How do I cancel or change the date a payment comes out on a return I already e-filed?
If you scheduled a payment through IRS Direct Pay, you can use your confirmation number from the payment to access the Look Up a Payment feature. You can modify or cancel a scheduled payment until two business days before the payment date. The email notification you received when you scheduled the payment will contain the confirmation number.
If you scheduled a payment through Electronic Federal Tax Payment System (EFTPS), click on Payments from the EFTPS home page, login, then click Cancel a Tax Payment from the left menu and follow the instructions. You must do so at least two business days before the scheduled payment date.
If you scheduled a payment as part of filing your tax return (authorizing an electronic funds withdrawal), you may revoke (cancel) your payment by contacting the U.S. Treasury Financial Agent at 888-353-4537. You must call to make a payment cancellation request no later than 11:59 p.m. ET two business days prior to the scheduled payment date.
If you scheduled a payment by credit card or debit card, contact the card processor to cancel the card payment
I have been asked this question many times this past week and I hope that this newest information is helpful. If I have filed your income tax return for you and you would like to postpone your payment and need assistance, please feel free to contact me.
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