How long can extension payment be made?

[kathyc2]

I have a situation that will have a large balance due.  Actual return won't be filed until fall due to a K1 that never comes before Sept.

I haven't talked with client yet, but guess they won't have all cash available by 4/15.  If they pay a chunk now, how to they pay more in a couple months to reduce additional penalties?  It appears direct pay for 2024 goes away after 4/15.

https://www.irs.gov/payments/types-of-payments-available-to-individuals-through-direct-pay

 

[Gail in Virginia]

If you file the extension showing the entire balance due, and they only pay part of it now, I believe it will generate a balance due on their account with IRS that they can then go in and pay online.  But I am not sure. 

[Catherine]

Give them no-amount-printed payment coupons to mail with checks? Or use the "Balance Due" choice that should still exist?

[Catherine]

I mean, it's the IRS. They will have a way to pay them money!

[kathyc2]

Yes, it appears balance due will work.  Duh!

[michaelmars]

I give them 2024 4th quarter vouchers to use to send in money so that it gets credited to the correct year.

[Abby Normal]

I give them 2024 1040-V forms.

[mcbreck]

1 hour ago, Abby Normal said:

I give them 2024 1040-V forms.

This. If someone needs to make a few payments to get paid up for the year and don't want to do an official payment plan, I give them a few blank 1040-V forms and they mail them in with payment. The IRS will eventually bill them for interest owed. It's never been a problem.

[BrewOne]

the balance due option (online) throws some folks because they don't see an amount even though they (recently) filed.  I've had to reassure them that it's okay--the important thing is they've chosen the correct option (and not estimated taxes, which is now prefilled for 2025).  Obviously in this case the amount due will be unknown by the IRS.