Community Manager

Solved

Official COVID-19 (Coronavirus) and extension thread

Forum|Forum|6 years ago
March 16, 2020
92 replies
0 views

For the latest updates, refer to this article: https://ttlc.intuit.com/community/articles/community-news-announcements/is-the-tax-deadline-delayed-what-to-know-about-coronavirus-covid-19-and-your-taxes/05/1316004

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.

Best answer by bluedeb

@MikeVito

You cannot change the date since you already filed & it was accepted. You can cancel the payment & then pay on the IRS website or by check.

If you’ve already filed your federal taxes with TurboTax

You can’t change your payment date in TurboTax after your return has been accepted but you can cancel it and make other payment arrangements with the IRS.

Federal tax direct debit payments can be canceled up to 2 business days prior to the debit date. To cancel, call the IRS on (888) 353-4537, but please wait 7-10 days after your return has been accepted.

Then, to schedule a new payment, go to the IRS Direct Pay site.

State taxes

For your state direct debit payment, contact your state directly.

You can also pay by check. You will need the Federal payment voucher 1040-V to mail with your check.

https://www.irs.gov/pub/irs-pdf/f1040v.pdf

--------------------------------

For others:

How do I change my payment date?

You have a 90 day extension, until July 15, to pay your federal income taxes this year.

If you haven’t filed your federal taxes with TurboTax yet

Select Pay by check as your payment method and mail it in before July 15, 2020.

H

hyfeng

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!

R

rgacek

I have the same question

Z

Zimmsh

I'm trying to figure out how I don't get w2 forms. I receive SSI benefits but I have them deposit my check in my card. But I'm trying to figure out how to give you the info for my bank. So they can deposit that into my account. I have all the info for my card.

V

vltouchstone

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?

DoninGA

Employee

@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-covid-19-and-your-taxes-46320/

RobertG

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

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

D

Doublej371

I need a extension . They said they are taking $140 from account because of two forms 1095A andand a 8962 form. Should of you guys included thease in my taxez that I am paying $140 for

AmyC

Employee

If you have already filed your return, you can not file for an extension for time to file.

This is a self prepared tax software. The forms are available. You are responsible for including your tax forms in your return.

If the IRS adjusted your refund due to the lack of inclusion, they will send the rest.
If you owe the IRS, thanks to the Coronavirus, there is an additional 90 days to pay. You don't need to ask for the extra time to pay.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

G

gus4113

Will using the 90-day payment extension cause any issues if I'm already on an installment plan for a previous year?

CatinaT1

Each tax year is separate so it should not effect your installment plan.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

G

gus4113

Hi,

Thanks for the reply. I just want to make sure I'm understanding this correctly:

Under my installment agreement for the 2017 tax year I'm required to "File all required tax returns on time & pay all taxes in-full and on time".

Assuming I continue making payments to my installment agreement, file my tax return by April 15th, 2020, and pay my taxes due for 2019 by July 15, 2020, would I be meeting that requirement?

Critter

Employee

It is assumed this is correct but the ink is still wet on this provision.

C

chinchu-sup

Hi,

I have an underpayment penalty to be paid with the tax. Is that also waived by the COVID-19 relief/extension ?

Thanks.

chi-love

Found this on the IRS website, stating you don't need to do anything to extend the payment by 90 days:

March 18, 2020

The Treasury Department and the Internal Revenue Service are providing special payment relief to individuals and businesses in response to the COVID-19 Outbreak. The filing deadline for tax returns remains April 15, 2020. The IRS urges taxpayers who are owed a refund to file as quickly as possible. For those who can't file by the April 15, 2020 deadline, the IRS reminds individual taxpayers that everyone is eligible to request a six-month extension to file their return.

This payment relief includes:

Individuals: Income tax payment deadlines for individual returns, with a due date of April 15, 2020, are being automatically extended until July 15, 2020, for up to $1 million of their 2019 tax due. This payment relief applies to all individual returns, including self-employed individuals, and all entities other than C-Corporations, such as trusts or estates. IRS will automatically provide this relief to taxpayers. Taxpayers do not need to file any additional forms or call the IRS to qualify for this relief.

DoninGA

Employee

TurboTax blog post has information here - https://blog.turbotax.intuit.com/tax-news/is-the-tax-deadline-delayed-what-to-know-about-coronavirus-covid-19-and-your-taxes-46320/

T

tamaraleaman

I am disabled and on Social Security. I did not file, nor needed to, for 2018. However I would like to now due to the possible stimulus package. Where can I find The option to file for 2018?

KevinH

Employee

Breaking news: IRS is extending federal tax filing deadline to July 15, 2020.

https://www.cnbc.com/2020/03/20/ccoronavirus-mnuchin-says-irs-will-move-tax-filing-deadline-to-july-15.html

We'll keep updating you all as we learn more. It will take a little bit for TurboTax to reflect this new information so don't be surprised if you still see April 15 as the deadline to file. We'll update as much as possible as fast as we can. Don't hesitate to reply here with your questions.

M

MikeVito

I already filed my federal tax return and set up payment of the taxes I owe by having the IRS debit my checking account on April 14. Is there a way to change that to July 15 since the Feds have extended our filing and payment deadline until then without interest and penalties?

bluedebAnswer

Employee

@MikeVito

You cannot change the date since you already filed & it was accepted. You can cancel the payment & then pay on the IRS website or by check.

If you’ve already filed your federal taxes with TurboTax

You can’t change your payment date in TurboTax after your return has been accepted but you can cancel it and make other payment arrangements with the IRS.

Federal tax direct debit payments can be canceled up to 2 business days prior to the debit date. To cancel, call the IRS on (888) 353-4537, but please wait 7-10 days after your return has been accepted.

Then, to schedule a new payment, go to the IRS Direct Pay site.

State taxes

For your state direct debit payment, contact your state directly.

You can also pay by check. You will need the Federal payment voucher 1040-V to mail with your check.

https://www.irs.gov/pub/irs-pdf/f1040v.pdf

--------------------------------

For others:

How do I change my payment date?

You have a 90 day extension, until July 15, to pay your federal income taxes this year.

If you haven’t filed your federal taxes with TurboTax yet

Select Pay by check as your payment method and mail it in before July 15, 2020.

V

vanlanckton

I filed my federal return electronically and scheduled payment electronically for April 14. I now want to delay payment until July 14. How do I do that?

DoninGA

Employee

@vanlanckton wrote:

I filed my federal return electronically and scheduled payment electronically for April 14. I now want to delay payment until July 14. How do I do that?

You will have to cancel the payment and then pay the federal taxes owed on the IRS payment website on or before July 15, 2020.

IRS website for information on canceling a direct debit payment -https://www.irs.gov/payments/pay-taxes-by-electronic-funds-withdrawal

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.

Go to this IRS payment website and choose Direct Pay - https://www.irs.gov/payments

B

bx31_2

Many colleges have closed dorms due to COVID-19 for the balance of the Spring 2020 semester and may be refunding a portion of room and board. If the room/board were billed in 2019 (for Spring 2020) paid with a 529 plan in 2019, but the credit is issued in 2020, how is that handled?