Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Canceling a Balance Due payment

minnow150
Level 2

Thank you to the community for your assistance in past questions.  I wish the government would stop changing things and create new questions!!

I have filed for several clients in February who owed Federal taxes, and checked the "Electronic Payment of Balance Due" box, with a date of 4/12/21.  With the American Rescue Plan, the reduction in unemployment insurance results in a refund for the year.  (Example:  Filed showing $900 balance due, new act reduces tax liability by $1,500, resulting in $600 refund for year.)

Can I cancel the $900 payment previously submitted but not deducted, then file the amended return asking for a $600 refund?  Or will the $900 payment go through, and I amend the return for a $1,500 refund?

Also, if the $900 payment can't be canceled, can it be changed to 5/17/21?

Thanks.

Mike Gilligan

 

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

5 Comments 5
TAXOH
Level 11

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.

TAXOH
Level 11

I think the client would need to use IRS Directpay to pay it later if they had a balance due still.

sjrcpa
Level 15

And don't amend. IRS says they plan to make the adjustment.

The more I know, the more I don't know.
dd4vols
Level 10
Level 10

BTW, glad you finally made it off that uncharted desert isle............

If an answer solves your issue, click on the "Accept as Solution" button! Makes it easier for people to find answers to similar questions that have already been posted.
IRonMaN
Level 15

Is the 3 hour tour over?


Slava Ukraini!