Federal tax payment bounced with scheduled payment

[JimTaxes]

there was not enough in the account to cover client's taxes where I had come out of the account.. the payment did not go through.. will the IRS try and run it again or do we have to make alternate plans for payment?  thank you. 

[JimTaxes]

i just talked to the IRS.. they told me IRS "normally" only tries to run it through once.  I will wait a bit to see if they try again before making other plans.  I hope this is the right option. 

[BP.]

1 hour ago, JimTaxes said:

there was not enough in the account to cover client's taxes where I had come out of the account.. the payment did not go through.. will the IRS try and run it again or do we have to make alternate plans for payment?  thank you. 

This is from the Electronic Funds Withdrawal page at irs.gov:

"If a payment is returned by your financial institution (e.g., due to insufficient funds, incorrect account information, closed account, etc.) the IRS will mail a Letter 4870 to the address we have on file for you, explaining why the payment could not be processed, and providing alternate payment options."

 

[JimTaxes]

thank you

[Lee B]

The standard IRS Penalty is 2 % or $25 whichever is greater.