I did an electronic extension for a federal return because I wanted to extend the state. It's automatic. I would like to go ahead and file the federal return now. When the extension was filed it was marked for electronic fund withdrawal of the balance due on the due date. If I go ahead and file the federal return now, is that going to cause any problems? Like, the tax payment being withdrawn twice maybe? Anyone know how that would work?
TIA
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If you are having a payment w/drawn for the extension, that amount should show as a credit on the federal return thus lowering balance due. So shouldn't cause a double withdrawal. However, since the extension payment is coming out on 18th, I would wait until after the 18th to file the return just to prevent any confusion in the IRS computers.
Thank you for the response but it's not important to the question. But since you asked, the state has credits but there are issues with getting them for this year. So the extension is with the hope that the credits will be available before the extended due date.
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If you are having a payment w/drawn for the extension, that amount should show as a credit on the federal return thus lowering balance due. So shouldn't cause a double withdrawal. However, since the extension payment is coming out on 18th, I would wait until after the 18th to file the return just to prevent any confusion in the IRS computers.
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