Never mind.
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Last edited by FEDUKE404; 08-23-2020, 12:05 PM. -
Always cite your source for support to defend your opinion -
Per Form 9325,Originally posted by FEDUKE404
You may call 1-888-353-4537 to inquire about the status of your electronic funds withdrawal payment. If there is a change to the bank account information included on your return, you should call this number to cancel a scheduled payment. You should have available the social security number of the first person listed on the tax return, the payment amount, and the bank account number. Cancellation requests must be received no later than 11:59 p.m. E.T. two business days prior to the scheduled payment date.
If one is not going to have the money in the account to pay, I guess that counts as a "change to bank account information"."You said it, they'll never know the difference. Come on, we'll paint our way out!" - Moe Howard
"That's enough! When you didn't know what you were talking about, you really had something! [to Curly]" -Moe HowardComment
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I'm a little confused as to whether the amount shown due by 4/15 on a properly filed extension falls under this guidance and can then be deferred and paid in by 7/15 (with a copy of that extension I suppose).Comment
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When markets are down, it makes more sense to take more out of IRA's and put it in NQ account. That way QD and LTCG will be taxed at CG rates rather than regular rates when (if) funds recover.Originally posted by FEDUKE404
Also, when markets are down, depending on individual circumstances, it may make sense to convert from Traditional to Roth.Comment
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LCP, I've been wondering that, also. We heard about balance due and 1Q ES payments, specifically. But, extension payments and 2Q ES payments were not mentioned.Comment
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