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2020 Estimated Tax Auto Withdrawals

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Level 2

Does anyone know if the auto-withdraws set up for April 15 and June 15 still happen on those dates, in spite of the fact that the deadlines have been extended?  My clients want to "stay the course" in terms of paying their estimates on the regular dates and that is how we set it up with the filing of their returns.  I got a call this morning from a client concerned because the 2019 tax payment had been withdrawn, but not the scheduled 2020 ES payment.

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Level 15

The dates aren't going to change automatically.  However, sometimes there is a time lag between scheduled payment date and the date it is pulled from the client's bank account.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

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Highlighted
Level 15

The dates aren't going to change automatically.  However, sometimes there is a time lag between scheduled payment date and the date it is pulled from the client's bank account.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

View solution in original post

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Level 2

O.K. Thanks, Ironman.  I thought it should still go through as scheduled and explained to client the principal of "right hand/left hand" as it pertains to the IRS, but wanted to confirm.  She will get back to me in a day or two after waiting to see if the payment does clear.  Thanks again for your response.

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Level 15

You betcha!

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
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