What form does a self-employed individual use , no employees, the pay the first half of the section 2032 deferral that's due on 12/31/21?

[Just-Lisa-Now-]

I thought I read that IRS will be sending statements out for this, I would guess a payment voucher would be included.   

I dont see an option for the SE deferred taxes showing on IRS Direct Pay yet, but I would think at some point it would appear there as well.

[andy595]

Thank you Lisa,

I tried to find an address and voucher form yesterday with zero luck. My client insists on mailing in a check so I need both. Please keep us informed, he was one of the returns that had an "automatic section 2032 deferral  " on Proseries that I missed in the review , small amount but he just received a IRS letter explaining the 12/31/21 and 12/31/22 payments due.

Thanks again,

Andy

[Just-Lisa-Now-]

I would definitely have them wait for a payment voucher for this, dont send it in with a regular 1040V, it wont get applied properly. Keep the $$ stashed away until that arrives. Its not "due" until December, so I would think theyd see something 4-6 weeks before its due.

[sjrcpa]

"he just received a IRS letter explaining the 12/31/21 and 12/31/22 payments due."

Didn't it say anything about how to pay?

[dkh]

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@andy595 wrote:

Thank you Lisa,

I tried to find an address and voucher form yesterday with zero luck. My client insists on mailing in a check so I need both. Please keep us informed, he was one of the returns that had an "automatic section 2032 deferral  " on Proseries that I missed in the review , small amount but he just received a IRS letter explaining the 12/31/21 and 12/31/22 payments due.

Thanks again,

Andy

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@andy595  -  while @Just-Lisa-Now-   is very helpful through this forum, you do realize it's NOT her responsibility to keep us all informed on this situation.   

[PATAX]

Maybe when the client receives the IRS statement / payment voucher consider having the client pay the entire amount since you said it was small and then you will be done with it... Just my opinion

[Just-Lisa-Now-]

I didnt have any clients that deferred SE taxes, and this isnt any of Intuits concern, its between the taxpayer and IRS, so I doubt you'll find much info in this online community....you may consider joining a few of the popular tax pro groups on Facebook, they exchange info like this all the time, trying to keep each other in the loop of information as it becomes available.

[George4Tacks]

https://www.irs.gov/newsroom/how-self-employed-individuals-and-household-employers-repay-deferred-so....

[sewcpa]

I chose to do the deferral on my own return and received the IRS letter last night. The reply voucher was in the letter. Payment goes to Ogden UT 84201-0059.

Letter number is LTR3064C with a barcode for my SS# and a notation of "BODCD-NOBOD"   (I have not determined what that notation means.)  The reply voucher does NOT have any dollar amount even though the letter mentioned once the amount that I deferred and that it was due half at 12-31-21 and half at 12-31-22 as well as saying that I could choose otherwise.

This letter does not mention paying thru EFTPS even though the IRS press release 2021-96  (July 6, 2021) suggested EFTPS and other methods.

[andy595]

Thank you sooooooo much , exactly what  I was looking for !!!!!!

[qbteachmt]

For reference (since it turns out people don't click the links when we provide them): The link provide by George has the info for using 1040V, using Direct Pay and using EFTPS.

"and a notation of "BODCD-NOBOD" (I have not determined what that notation means.)"

BODC: NOBOD no business operating division assignment.

identify the business operating division (BOD) of the taxpayer based upon the BOD identifier on IDRS.

1. LM - Large Business and International

2. SB - Small Business/Self Employed

3. TE - Tax Exempt/Government Liaison

4. WI - Wage & Investment

I work with TE quite often.