Jump to content
ATX Community

will a return filed today supercede a return from last week


Recommended Posts

Posted

a clients return got filed with a balance due and automatic withdrawal set for 4/15.  The client wanted an installment agreement file with the return.  I know I can have the client empty the account before 4/15 but was wondering if there is anyother way to supercede the return since its way before 4/15.

Posted

I will absolutely not file a return with direct withdrawal.  I do not want to be responsible for some screwup, or clients changing their mind.

When clients have a balance due, they are always informed of how to pay on line at irs.gov.  It is fast, simple and they get written confirmation.

  • Like 5
Posted

I have been using the same approach as Max W.  The ONE time I did electronic withdrawal, the IRS withdrew the money twice (no mistake on the return; just an IRS debit error).  I called (hold, hold, hold) and although they acknowledged the error, it took 8 weeks for the money to be returned.  It was a substantial sum of money, and having it withdrawn twice and then being without the additional funds for 2 months was a hardship for the client.  I will not do that again.

  • Like 3
Posted
7 hours ago, Jack from Ohio said:

Bouncing an agreed payment will only trigger fees and interest.  I would not recommend that course of action.  This should have been thought out and discussed BEFORE filing the return.

OBVIOUSLY, and it was, that's why I am trying to stop the payment, we will be liable for the bounced penalties.  this was a miscommunication between the preparer and the reviewer [me]. 

  • Like 2

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...