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1120-C: extension payment withdrawal

hyincpa
Level 2

I thought I scheduled the extension payment to be taken out on 4/15/2025. However, it did not happen on that day.

My client just called to say that the payment is being taken out of their bank today (4/23). Is this normal? 

How can I tell that I indeed scheduled the payment on 4/15/2025?

Thank you.

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Accepted Solutions
IRonMaN
Level 15

It is scheduled - it came out today.


Slava Ukraini!

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7 Comments 7
IRonMaN
Level 15

As long as it was scheduled by 4/15, you are good.  There have been numerous posts here about payments not coming out on the 15th so everybody just needed to stay calm and be patient.


Slava Ukraini!
Just-Lisa-Now-
Level 15
Level 15

CALL the phone number on the 8879 and see if its scheduled in their system. 


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
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IRonMaN
Level 15

It is scheduled - it came out today.


Slava Ukraini!
hyincpa
Level 2

With my 1040 clients, their extension payments came out on the exact date that we wanted them to be withdrawn. 

Both my 1120C client and I were in disbelief that the money was not taken on 4/15. My client ended up making the payment via EFTPS, which became a duplicate. What a bomber!

hyincpa
Level 2

It's good to know that we are not alone! Thank you.

IRonMaN
Level 15

Based on posts, it appears that a lot of 1041 payments were delayed.  Folks need to have patience or else make the payments themselves.


Slava Ukraini!

You must have scheduled your extension payments or balance due payments way in advance.  When I am filing a balance due return on April 15th at 11:00 pm, there is no way under the sun it is coming out on the 15th.  It seems most of my clients returns who owe anything significant don't get me their info until late anyway, and aren't returning to me the signature forms until the 14th or the 15th so it is quite common to file the balance due returns on the last day and not see the money come out for several days.