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Level 2
March 19, 2021
Question

Auto Withdrawal of Federal tax due set on 5/17/2021

Now that the filing of federal tax returns is extended until May 17, 2021, I assume that the tax payment is also extended until May 17, 2021 without late payment fee. (similar to last year's extension until October 15, 2020).

When i set up an auto withdrawal for the federal tax due on 5/17/2021, Pro Series still has an error notification that the debit date for tax year 2020 should be between today's date and 4/15/2021.

 

(1) Is the payment deadline still 4/15/2021 or (2) Pro Series is not updated yet to set up auto debit later than 4/15/2021?

 

Thank you!

 

This topic has been closed for replies.

7 replies

IRonMaN
Level 15
March 19, 2021

The IRS just announced the change.  The software takes a little time to get up to speed.

Slava Ukraini!
Level 2
March 19, 2021

Thank you for replying. 😃 I'm new to using Pro Series and i appreciate the community for helping everyone especially newbies like me.

I'll wait for the software to be updated then. Some clients want to maximize the deadline date 😃

IRonMaN
Level 15
March 19, 2021

Evidently we are the welcoming committee, so ------- welcome.  It helps to check in here on a regular basis to be aware of issues that may pop up from time to time.

Slava Ukraini!
March 19, 2021

(2) Pro Series is not updated yet to set up auto debit later than 4/15/2021

March 19, 2021

Oh, I copy-and-pasted and you STILL were faster than me.  😧

IRonMaN
Level 15
March 19, 2021

These four paws can really fly on a keyboard. 

 

Slava Ukraini!
Level 10
March 19, 2021

I have never had actually had any client who allowed the IRS an automatic deduction from their bank account to pay their taxes, so I can't help with this one.