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

90 day extension to pay

bheizer
Level 3

If IRS is extending payment date for 90 days without penalties, is there anything we can do for our clients that have already been filed and April 15 chosen as the payment date?  Have already had one client that called to see if payment date could be changed since his return has already been electronically filed.

And what about clients that have been already filed and had to pay penalties?

Any thoughts from anyone?

Labels (1)
0 Cheers
4 Replies 4
Just-Lisa-Now-
Level 15
Level 15

If they had the money to pay, they hadnt been afffected by anything that would have prevented them from paying, not much they can do now.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
User ID 61
Level 8

It's only just now been announced with little to no detail. Hopefully guidance follows 

The moose out front should have told you.
User ID 61
Level 8

If you meant the literal "how-to" then I defer verbatim to the Lacerte Letter almighty:

"To cancel the payment, call the U.S. Treasury Financial Agent at 1-888-353-4537 no later than 2 business days prior to the payment (settlement) date. Cancellation of a required estimated tax payment could lead to penalties and interest charges."

The moose out front should have told you.
0 Cheers
qbteachmt
Level 15

"And what about clients that have been already filed and had to pay penalties?"

Nothing I've seen discusses an elimination or waiver of penalties you already owe because of 2019 actions. They only mentioned no penalty and interest for late filing or late payment, because they are sort of defining Late a bit differently.

*******************************
"Level Up" is a gaming function, not a real life function.
0 Cheers